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Phillips Carbon Black
BSE: 506590|NSE: PHILIPCARB|ISIN: INE602A01015|SECTOR: Chemicals
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Company History - Phillips Carbon Black
The Company was established in 1960.
 
 It manufactures and produces Carbon Black and its by Products.
 
 The company was formed by Phillips Petroleum Co., a major Oil Company
 and a leading manufacturer of Carbon Black in U.S.A. and the Agency
 house of Duncan Brothers & Co.Ltd.,Calcutta.  Carbon Black, an
 essential component in the manufacture of rubber and synthetic rubber
 articles and motor vehicle tyres, printing and painting industries,
 are manufactured.
 
 Under the Research and Development programme, the Carbon Black plants
 constructed towards implementing the project under the new company,
 Oriental Carbons Ltd., at Ghaziabad and the Gujarat Carbon Ltd. at
 Palej.  The Company invested Rs 572 lakhs representing 24% of Equity
 Share Capital of India Polyfibres Limited which has set up a plant in
 Uttar Pradesh for the manufacture of Polyester Staple Fibre.
 
 The Company is considering various proposals in the field of
 Electronics and also to diversify into exports of various items as
 machine products.
 
 The Onshare Investments Ltd., Carniwal Investments Ltd., Philcarb
 Investments & Industries Ltd., Philcarb Industrial Finance Ltd., PCBL
 Industrial Finance Ltd. and Chinar Circuits Ltd. are the subsidiaries
 of the company.
 
  2001 - The 100-tonne per day Phillips Carbon Black unit at Kochi was
 shut down on July 28,  after a large               contingent of
 people in the vicinity stormed its gates alleging pollution from the
 factory premises.
 
 2003 - Phillips Carbon Black Ltd. has informed the Exchange that Mr.
 K Mukherjee has been appointed as Company Secretary w.e.f. May 01
 2003 on the retirement of Mr. T K Banerjee from the services of the
 company.
 
 - Company's Commercial Paper has been rated as PR1 by Credit Analysis
 & Research Ltd.
 
 2004
 
 - Phillips Carbon Black Ltd delists equity shares from Jaipur Stock
 Exchange Limited w.e.f. August 17, 2004 under voluntary delisting
 guidelines as prescribed by SEBI (Delisting of Securities) Guidelines
 2003
 
 2006
 
 -Phillips Carbon Black Ltd has informed that Mr Ashok Goyal, who has
 been appointed as Managing Director (Designate) with effect from July
 01, 2006 has been inducted in the Board of Directors of the Company
 with effect from October 23, 2006.
 
 -Phillips Carbon Black Ltd has informed that Mr. Ashok Goyal has now
 taken charge as Managing Director of the Company effective December
 01, 2006 from Mr. Sudhir Sahgal, the erstwhile Managing Director of
 the Company.
 
 -Phillips Carbon Black Ltd has informed that Mr. Sudhir Sahgal has
 ceased to be a Director of the Company with effect from December 01,
 2006.
 
 2008
 
 -Phillips Carbon Black Ltd has informed that a Joint Venture
 Agreement between nominee of Phillips Carbon Black Ltd and
 subsidiaries of Vietnam National Chemical Corporation has been signed
 on May 09, 2008 at Ho Chi Minh City in Vietnam for setting up carbon
 black facility of 1,00,000 MT and Co-generation power plant of 16 MW
 in phases in Vietnam.
 
 2009
 
 -Phillips Carbon Black Ltd Commissioning of 30 MW Power Plant t
 Durgapur.
 
 2010
 
 - Phillips Carbon Black Ltd dividend of 40% and Golden Jubilee Year
 dividend of 10% for the year ended March 31, 2010.
 
 - Phillips Carbon Black Ltd Appointed Mr. Jatin Kapoor as Chief
 Financial Officer of the company.
 
 2011
 
 - Phillips Carbon Black Ltd Commencement of 10 MW co-generation power
 plant at Kochi, Kerala (Total Power Capacity: 68 MW)
 
 -Phillips Carbon Black Ltd Recommends a dividend of 50% i.e. @ Rs.
 5/- per share for the year ended March 31, 2011, 
 
 2012
 
 - Phillips Carbon Black Ltd Commencement of 50,000 MT carbon black
 plant at Mundra (Total Carbon Black Capacity: 4,10,000 MT).
 
 - Phillips Carbon Black Ltd Commencement of 8 MW co-generation power
 plant at Mundra, Gujrat (Total Power Capacity: 76 MW)
 
 - Phillips Carbon Black Ltd  Commencement of 12,000 MT carbon black
 plant at Durgapur (Total Carbon Black Capacity: 4,22,000 MT)
 
 
 
 
Source : Dion Global Solutions Limited
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