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Vinati Organics share price today (on 3 June 2023).
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Live Chart - Vinati Organics Ltd
BSE: 524200 | NSE: VINATIORGA | ISIN: INE410B01029Market Cap: [Rs.Cr.] 503 | Face Value: [Rs.] 2
Industry: Pharmaceuticals - Indian - Bulk Drugs
Incorporated in Jun.'89, Vinati Organics is promoted by Maharashtra Petrochemicals Corporation (MPCL) and Vinati Enterprises, a partnership firm where Vinod Saraf was the principal partner. It manufactures iso butyl benzene, the prime raw material for the manufacture of ibuprofen, a vital bulk drug. Vinati Organics came out with a public issue in Nov.'91 to set up a plantto manufacture 1200 tpa of iso butyl benzene, in Mahad (Raigad district),Maharashtra. Commercial production commenced in Jul.'92. The company has a technical collaboration with Institut Francais du Petrole (IFP), France, one of the largest licensors in the field of petroleum refining and petrochemical processes and catalysts. IFP has provided technical assistance to reputed petrochemical units like Indian Petrochemical Corporation and Indian Institute of Petroleum.
The company has spent Rs. 27.95 lacs for pilot plant of Benzaldehyde and Benzoic Acid. During the year 1999-2000, the company has acquired 22 acres of land costing Rs. 150.30 lacs at Lote, Khed District of Maharashtra for diversification plan for manufacturing fine chemicals mainly Sodium Methallyl Sulfonate(SMAS) which is produced by few manufacturers in the world whereas no manufacturers in India and Acrylamido Methylpropane Sulfonic Acid(ATBS) is being produced by only two companies in the World. Vinati Organics is only the third company in the world to produce Acrylamido Methylpropane Sulfonic Acid and started commercial production in October 2002 with the installed capacity of 1000 MT. But the status of Sodium Methallyl Sulfonate(SMAS) is still under implementation.
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