1963 - The Company was incorporated in 1st July, at Mumbai. The
manufactures heavy organic chemicals such as phenol, cumene,
acetone diacetone alcohol, phthalic anhydride, phthalates and
- The company was promoted by E.I.D. Parry Ltd., Chennai in
collaboration with the Distallers Co. Ltd, and Hercules Power
U.S.A. Government approved the collaboration with General
Electric Co. U.S.A.
1965 - On 11th May, the Company entered into agreement with the
Distillers Co., Ltd., U.K., for the supply of technical
information for the manufacture of phenol, cumene, diacetone
alchol and phthalates.
- 3,78,944 shares issued to directors etc. 23,23,916 shares
to institutional investors including 18,00,000 shares to
collaborators, 16,97,090 shares offered at par to the public
1968 - 3,80,000 shares allotted to Hercules Inc. and 1,20,000 shares
E.I.D. Parry, Ltd.
1974 - 60 forfeited shares reissued.
1978 - 24,500 bonus equity shares issued in prop. 1:2.
1983 - Plants for the recovery of cumene and fumaric acid from
by-product/waste streams were installed and commissioned.
1984 - The Company issued 15% non-convertible debentures for Rs. 300
lakhs to UTI by private placement. These debentures are
redeemable infull at a premium of 5% on 11th April 1992.
1985 - With effect from May, the Maharashtra Government removed all
energy cuts applicable to the Company's factory.
- Production of saleable products dropped by about 6% as
to the previous year, with overall capacity utilisation
declined to 80%. Shortage of raw materials, competitive
conditions which resulted from over capacity in respect of
phthalic anhydride and phthalates and two planned shutdowns
the phenol/acetone plant for maintenance and installation of
additional equipment were the main factors responsible for
setback in production.
- The Company revalued its land, buildings and plant and
as on 30th June. The net surplus arising out of this was
credited to the Capital Reserve.
1986 - The research and development wing of the Company developed a
catalyst in collaboration with another local R&D facility.
- Technical assistance for the manufacture capacitor project
obtained from General Electric Co., USA.
1988 - Production of saleable products was maintained at high levels
except for phenol and acetone which were marginally lower due
short supply of propylene and benzene. One of the bottlenecks
phthalic anhydride production was removed by installing and
commissioning an indigenously procured bagging machine.
- During the Company in technical and financial collaboration
Uniroyal Chemical Co. Inc., USA, promoted a new company by
name of `Herdillia Unimers, Ltd.' to implement a project at
Industrial Area, Thane, Maharashtra for the manufacture of
tpa. ethylene propylene rubber.
1989 - The unit developed inhouse technology for para cumyl phenol
1990 - The company's phthalic anhydride plant had to be shut down at
end of May due to failure of catalyst and instrumentation
by high temperature in the reactor.
- The plant operations were adversely affected on account of a
accident in May.
- A technical collaboration agreement was finalised with
Engineering Ltd., U.K., in respect of the isphorone project to
implemented with a capacity of 2,000 tpa.
- In order to implement the project for the manufacture of
tonnes per annum of magnetic iron oxides, a new company under
name of Herdillia Oxides & Electronics, Ltd. was promoted.
project at Lote-Parshuram, near Chiplun in Ratnagiri District
Maharashtra was set up with technical collaboration from
Incorporation of U.S.A. The plant was commissioned in
1991 - The operations of all plants were progressively restored by
- The Company privately placed 14% secured redeemable
non-convertible debentures aggregating to Rs. 300 lakhs and
400 lakhs respectively with IDBI and Infrastructure Leasing &
Financial Services, Ltd.
1992 - The company entered into a strategic alliance with Bayer AG,
Germany for setting up a facility to produce heat transfer
The heat transfer media plant was commissioned in February,
- The Company also received letters of intent/industrial
for the following products which were at various stages of
implementation: (i) isopropyl phenols (ii) phosphate
(iii) isophorone (iv) metaxylenol (v) trimethyl phenol (vi)
triblock type thermoplastic elastomers (viii) meta xylenol
disphenyl (ix) heat transfer media (x) propylene oxide/higher
epoxides and (xi) alpha methyl styrene.
- The Company signed a Memorandum of Understanding with
Petrochemicals Corporation, Ltd. (MPCL) for a joint sector
project for the manufacture of 5,000 tonnes per annum of
polybutenes for which MPCL held a Letter of Intent. The
promoted a new undertaking by the name of `Herdillia
Ltd.' in association with MPCL to implement this project. The
plant was commissioned in January, 1993.
1993 - Turnover declined by 11% to Rs. 156 crores. However, profits
improved due to aggressive steps initiated to reduce
attain higher levels of efficiency in production and to
2000 - The Company wil be signing contract manufacturing agreements
smaller chemical units to produce speciality
2002- Herdillia Chemicals Ltd has informed BSE that the following
Directors have resigned from the Board of
the company: 1. Mr G P Goenka 2. Mr J N Guzder 3. Mr V C Vaidya 4. Mr
A Ghosh 5. Mr H V Lodha 6. Mr P Murari 7. Mr G V Kapadia
8. Mr S K Diwanji.
-The Schenectady has increased its stake in the Herdillia Chemicals
by 20 % ,previously it had the 61% stake now increased to 81% stake
through preferential allotment of equity shares.
-Herdillia Chemicals Ltd has informed that the Company has allotted
1,20,00,000 Equity Shares (face value of Rs 10/- each) at Rs 20/-
each aggregating Rs 240 million to its promoters, Schenectady India
-Schenectady Herdillia Limited has informed that Mr. R M Pandia,
Managing Director of the company is also appointed as the Vice
Chairman of the BoD's of the company w.e.f. May 29, 2004
-SI Group India Ltd has appointed Mr. Emmanuel Hess as Director with
effect from February 12, 2008.