TECIL Chemical & Hydro Power Ltd Share Price

Tecil Chemicals & Hydro Power Limited (TCPL) was incorporated in 1945. Promoted by V P Varde and M S Bhandarkar, the Company was taken over by G D Somani and family in 1964. Presently, it is engaged in the manufacture of Calcium Carbide, Acetylene Black, Ferro Silicon and Desulphurisation Compounds. It has diversified into power generation by setting up two hydel power projects. Calcium carbide is used in the manufacture of Acetylene Gas, PVC, Desulphurisation Compounds, etc. Acetylene Black is mainly used for dry cell batteries. Ferro Silicon and Desulphurisation Compounds are mainly used by mini steel and integrated steel plants for refining steel. Since the products manufactured by the Company are power intensive, uninterrupted and adequate supply of power from captive units are expected to improve its performance. This will give it an edge over its competitors in the market. The company has also upgraded its calcium carbide and ferro silicon plants under the technical supervision of Elkem Metallurgy, Norway. The Ullunkar Power Project was completed in 1999. During 2001-02 there were no progress of work at Ullynkal Hydro Power Project at 7 MW capacity and Karikkayyam Power Project. At present, the manufacturing plants at Chingavanam are in-operation. The Company had appointed an agency to study Techno-Economic viability for manufacturing Ferro Silicon. The Company is taken over by Mr. Varghese Kurian after execution of share purchase agreement and completion of open offer as per the requirements of SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2015. The Company has altered the object clause of the Company in the Extra-ordinary General meeting held on 23rd February, 2018 to include new objects in the line of tourism and hospitality industry.