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Turning to Indigenous R and D

Turning to Indigenous R and D Hansavivek IDL CHEMICALS has fared well during year ended June 1983 and is stepping up dividend from 15 per cent to 18 per cent. Future outlook is promising, as company continues to expand its activities. New project for manufacture of 1,440 tonnes of PETN per annum, being established at Bhiwandi in Maharashtra, is coming up satisfactorily. Orders for plant and machinery, both imported and indigenous, have been placed. Metal cladding division has got a letter of intent for manufacture of 30,000 tonnes per annum of hot rolled cladded coils of stainless steel/mild steel and 2,000 tonnes per annum of hot rolled non- ferrous cladded materials. Wholly- owned subsidiary, IDL Agro Chemicals, is now developing indigenous technology through national laboratories in India for manufacture of sophisticated agro chemicals and speciality chemicals, as technical collaboration earlier proposed with KenoGard of Sweden has not been found economi cally viable. So far this unit has been engaged in trading activities.

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