Calculate your SIP ReturnsExplore

O H L VOL


Days Range

Data is not available currently. Please check back later.

Data is not available currently. Please check back later.

About Futura Polyesters

Futura Polyesters Ltd.(formerly Indian Organic Chemicals Ltd) is into manufacture of Speciality Fine Chemicals and Polyesters. The company was promoted by B M Ghia and D S Dalal as a public limited company in Feb.'60. The Chemical division of the company manufactures Alcohol based cheimicals like acetic acid, acetic anhydride, acetaldehyde, benzyl products, plasticisers and glyoxal from its plant at Khopoli Maharashtra. The Polyester division has manufacturing facility at Manali near Chennai in Tamilnadu. The main products of this division is PSF and PFY and PET Resins. The PET resin business of the company owns an export oriented unit enagaged in PET resins exporting mainly to USA and Eastern Europe. The PET preforms business of the company caters mainly to carbonated beverage segment. The company is undertaking an major restructuring exercise which envisages spinning off the Chemical division of the company into a separate subsidiary viz. Innovasynth Technologies (India) Ltd w.e.f. Jan 1, 2004. This is subject to necessary approvals. IOCL made a Rs 26.25-cr rights issue in Mar.'92 of 15% PCDs to part-finance its project for phenyl glycine and its derivatives in Khopoli, Maharashtra, at an estimated cost of Rs 24.43 cr and also to meet the normal capital expenditure. The company has completed its project of para hydroxy phenyl glycine & its dane salt with positive results during 1996-97.A contract signed with CIBA Speciality Chemicals during 2000 for manufacture of speciality chemicals has started the operations and is progressing smoothly. The company is planning to absorb new technologies for their Chemicals Division like Pharma intermediates, Aroma Chemicals etc. The company has identified nucleoside chemistry an important area to concentrate on, by supplying products to Research Based companies in the US and Europe. IOCL, along with Pepsi Foods, floated a joint venture, Futura Polymers, to set up a Rs 75-cr plant to produce polyester resin used in the manufacture of PET bottles. The project was set up as a 100% EOU and commenced operations in 1994-95. The capacities of PET resin would be increased from 28000 MT to 62000 MT p.a in 2001-02.During 1998-99, the company acquired Transmere Inc., Mauritius from PepsiCo and subsequently amalgamated it with the Company. The company has decided to spin off the Chemical Division at Khopoli to a separate company as on going business and amalgmation of Futura Polymers Ltd., Chennai (100% subsidiary of the company) with the company. The companys chemical division was taken over by Innovasynth Technologies(India) Ltd. The amalgamation between Futura Polymers and the company was approved with effect from 1st April,2002. IOCL also has a software division -- Sonata. It plans to set up a joint venture, with equity participation, to market software and digitising services in the US, which will provide a marketing base to Sonata.

Parent Organisation
Indian Private
Managing Director
S B Ghia
Founded
1960
NSE Symbol
INDIANORG

Peer Comparision

StocksLTP (₹)Market Cap (cr)52 Week Low-High (₹)

Community Discussion

A
AngelOne
10th July 2024
0 Likes
0 Replies

A
AngelOne
10th July 2024
Futura Polyesters Ltd-latest-market-updates-62952
0 Likes
0 Replies

Futura Polyesters Ltd FAQs

Futura Polyesters Ltd (INDIANORG) share price as of July 18, 2024, on NSE is Rs undefined (NSE) and Rs undefined (BSE) on BSE.
Yes, You can buy Futura Polyesters Ltd (INDIANORG) shares by opening a Demat account with Angel One.
Futura Polyesters Ltd (INDIANORG) share can be bought through the following modes:
1. Direct investment: You can buy Futura Polyesters Ltd (INDIANORG) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Futura Polyesters Ltd (INDIANORG) shares.
Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Top Stocks

VIEW ALLView All Stocks

Top Gainers





VIEW ALLView All Stocks

Top Losers





VIEW ALLView All Stocks

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Open Free Demat Account!
Enjoy Zero Brokerage on Stock Investments.