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Tamilnadu Petroproducts Ltd.

BSE: 500777 | NSE: TNPETRO |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE148A01019 | SECTOR: Detergents

BSE Live

Dec 03, 16:00
104.10 1.85 (1.81%)
Volume
AVERAGE VOLUME
5-Day
49,265
10-Day
63,776
30-Day
62,920
37,097
  • Prev. Close

    102.25

  • Open Price

    100.70

  • Bid Price (Qty.)

    104.10 (485)

  • Offer Price (Qty.)

    106.50 (100)

NSE Live

Dec 03, 15:59
104.15 1.85 (1.81%)
Volume
AVERAGE VOLUME
5-Day
494,396
10-Day
470,835
30-Day
468,947
508,180
  • Prev. Close

    102.30

  • Open Price

    102.25

  • Bid Price (Qty.)

    104.15 (9977)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2003

Chairman's Speech

As the consequences of globalisation begin to unravel, organisations committed to protect and preserve the interests of its stakeholders have to take up the strategy of re-engineering their business on a war footing. Tamilnadu Petroproducts Limited (TPL) rightly has focused its efforts in realigning its resources strategically to retain its leadership thrust and achieve cost control by effectively leveraging its size, technology upgradation and responsive customer care. On the one hand, by strategically focusing on technology enabled productivity and using information technology, TPL is able to improve its competitiveness. On the other, it has endeavoured to consolidate the new Strategic Business Units by effectively reinforcing its core competency. During 1992, TPL as part of its diversification schemes, ventured into a project for the manufacture of Epichlorohydrin (ECH), a product of the future, finding its application in every walk of life and a product with good export potential. The project, initially conceived as an integrated Caustic-cum-ECH plant, the first of its kind in India is located in Manaii as a standalone ECH plant in view of proximity to the suppliers of key inputs viz., propylene and chlorine. The ECH plant commissioned in March 1995 had constraints to operate at full capacity coupled with the non-availability of continuous supply of chlorine. Due to steep fall in import duty, the market for ECH was deterred by large scale imports of ECH and direct import of epoxy resin. It is gratifying that TPLs efforts to overcome the supply constraints of chlorine through acquisition of Chlor Alkali Plant, a backward integration process, has enabled improved capacity utilisation of ECH plant. The captive power plant, commiissioned during the later part of the year, delivered highly reliable power at a lower cost which enabled lowering the operating cost of the power intensive Chlor Alkali Plant. However, the prime factor leading to the turnaround of ECH operations is - Leveraging the new Japanese Technology (Allyl Chloride Mixer) for ECH operation which has proved to be invaluable. It enabled continuous operation and higher capacity utilisation at around 82% which has improved the operational efficiency. This is the first step towards achieving a technology triggered turnaround. Having achieved a production level of 8200 Mts during 2002-03, the highest level ever achieved since commissioning, TPL has now set its sight to achieve a capacity utilisation of 100% and above in the future. All these efforts are expected to culminate in and contribute to the overall improvement of operational results. The strategic re-engineering, backward integration and leveraging the new technology have triggered off a turnaround to achieve a sustainabie growth in line with the Corporate vision to be a `Shining Star.