Primo Chemicals Share Price

Primo Chemicals Ltd (Formerly known Punjab Alkalies and Chemicals Ltd) was incorporated in December 1975. The Company is the largest producer of Caustic Soda in Northern India and is operating two units based on Membrane Cell Technology in its Plant Complex at Naya Nangal, Distt. Ropar Punjab (India). The Company has increased its Caustic production capacity from 300 TPA to 500 TPA resultant into combined manufacturing capacity of 165,000 TPA of Caustic Soda. Key product in companys product portfolio include Caustic Soda Lye with byproducts of Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite and Hydrogen gas.In Jan.94, its caustic soda plant (inst. cap.: 37059 tpa) commenced operations. In Sep.87, the company commissioned its caustic soda concentration and flaking unit, and in 1988, completed the changeover from graphite anodes to dimensionally stable metal anodes in all the cells, and also installed an anode control and protection device in its caustic soda plant. In Oct.91, it commissioned the capacity optimisation project in phaseI, as a result of which the installed capacity of caustic soda and liquid chlorine increased to 41152 tpa and 29700 tpa respectively.With the implementation of phaseII of capacity optimisation project, the installed capacity of caustic soda increased to 50820 tpa. It also commissioned a waste air dechlorination unit in Nov.92.PAC offered rights (premium: Rs 35) in Mar.94 to finance the expansion of its caustic soda plant by 33000 tpa based on membrane cell technology. The plant with its expanded capacity, started commercial production in Aug.95. In 199697, the company received the ISO 9002 Certification by DET NORSKE VERITAS(DNV), Netherlands.In 199899, it increased the installed capacity of caustic soda, liquid chlorine and hydrogen gas to 99,000 MT, 87,714 MT and 277,20,000 NM3.The Company is in the process of changing the membranes of 100 TPD Membrane Cell Caustic Soda Plant to reduce power consumption. The knowhow for the membrane has been fully absorbed. The knowhow for the companys Mercury Cell to 200 TPD Membrane Cell converted Caustic Soda Plant has also been absorbed.The company has become a Sick Company and necessary reference is made to BIFR.The Chlorinated Paraffin Wax (CPW) Plant set up by M/s. Flow Tech Chemicals Pvt. Limited on B.O.O. basis in the Companys Plant Complex was commissioned in 201516. In 201617, the Company replaced the Membranes of its UnitI and UnitII Plant and the Anodes and Cathodes recoated in Electrolysers of its Plant UnitI. The Board of Directors in its meeting held on 16th March, 2021 approved the proposal to purchase and set up a Captive Power Plant of 35 MW capacity by using second hand plant and machinery on EPC basis from Durva Infratech LLP.