ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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HERDILLIA CHEMICALS-New Projects

HERDILLIA CHEMICALS has turned in better working results for 1987-88 with higher levels of production, sales and improved margins. Sales turnover has amounted to Rs 79.37 crore from the previous year's Rs 70.08 crore. Gross profit is up from Rs 9.42 crore to Rs 11.43 crore, giving a marginally higher profitability. Net profit is also higher at Rs 5.61 crore (Rs 4,44 crore). The directors have maintained dividend at 21 per cent. In addition, to mark the completion of 25 years of incorporation, the directors have proposed a one time additional dividend of 4 per cent. Production of saleable products increased by 4 per cent over the previous year and several new production records were established. Cumene production was somewhat lower due to continued shortage of propylene and, more recently, due to a sharp drop in the availability of benzene. One of the company's plants was modified to successfully manufacture phenyl xylyl ethane (PXE), a new generation high tension capacitor fluid based on in-house R and D. The plant was commissioned towards the end of the year and the product meets acceptable standards for capacitor manufacture.

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