1954 - The Company was incorporated on 16th March. It was promoted
the Bombay Dyeing & Mfg. Co. Ltd. with the technical
collaboration of Laporate Industries Ltd., U.K. The
collaborators also participated in the share capital of the
company. The company's objects is to manufacture hydrogen
peroxide and sodium perborate.
1956 - A hydrogen peroxide plant, the first in India based on the
electrolytic process was set up by the Company at Wadala,
with a licensed capacity of 720 tonnes per annum of 35% by
hydrogen peroxide, i.e., 252 tonnes of 100% hydrogen
1960 - The manufacturing range at the Wadala plant was extended by
establishing a plant for the manufacture of sodium perborate
a capacity of 500 tonnes per annum.
1962 - The hydrogen peroxide plant at Wadala was further expanded to
annual capacity of 1,050 tonnes to 100% hydrogen peroxide.
1966 - 7,200 bonus shares issued in prop. 1:5.
1969 - 9,600 bonus shares issued in prop. 2:9.
1970 - In June, Laporate Industries merged its peroxide interests
Solray et Cie, Belgium. With this merger, Solray also became
shareholder of the Company.
1972 - The Company entered into a Licence Agreement dated 2nd
with Laporate for the manufacture of 2,500 tonnes per annum
100% hydrogen peroxide by the auto-oxidation process.
1973 - 24,640 right equity shares issued in prop. 7:15 in October.
1978 - 77,440 bonus shares issued in prop. 1:1.
1980 - A Research and Development Centre (R & D Centre) was
1981 - The R & D centre was accorded recognition by the Department of
Science and Technology, Government of India. Considerable
equipments and activities were added during the year.
1982 - Letter of Intent was received for expanding the capacity from
6,000 tonnes to 12,000 tonnes per annum of 35% hydrogen
peroxide. Steps were taken to set up the expansion project at
the existing site of its hydrogen peroxide plant at Kalyan.
design and engineering packages for this project were
by Laporate Industries. The plant was commissioned during
- In order to ensure self-sufficiency in the supply of hydrogen,
was decided to set up an integrated hydrogen plant.
- Production of hydrogen peroxide declined due to reduced
erratic and irregular supply of hydrogen gas and labour
at the company's plant.
- The domestic sales of hydrogen peroxide reduced substantially
to the prolonged textile strike and power cuts in the states
Karnataka, Gujarat and Tamil Nadu.
- Letter of Intent was received for the manufacture of 4,000
per annum of plastic additives. A project for the manufacture
plastic additives was proposed to be established at Dewas in
- The R & D activities continued to expand. One of the notable
achievements during the year was the development and
commercialisation of a process for cold bleaching for textile
using hydrogen peroxide. Significant progress was also made
promoting the use of hydrogen peroxide in newsprint plants.
1983 - A letter of Intent was received to set up a plant with 6
cubic metres per annum hydrogen capacity. The plant was to
set up at Kalyan, the existing location of the Company's
peroxide plant. Humphreys & Glasgow consultants Pvt. Ltd.
appointed consultants for providing consultancy service
to engineering, procurement, construction, supervision and
commissioning assistance for the complete hydrogen plant. It
commissioned during 1986-87.
- A Collaboration agreement was finalised with Arugus Chemicals
Division of Witco Chemical Corporation, USA. Site for this
project was acquired. Various other matters relating to
financial and engineering aspect were progressing
- The Company lost production for 4 months due to
of hydrogen gas as a result of suspension of operations by
suppliers on account of lockout at their plant.
- The activities continued to expand in the areas of product
process research. Favourable results were obtained in field
trials with clacium peroxide coated rice seeds. Work was
undertaken on the development of inexpensive solar water
systems using easily available materials.
- The manufacturing activities had to be completely stopped
November due to lock-out at the National Rayon's plant. The
working resumed only in March 1985 when the Company started
receive supply of hydrogen from Standard Alkalies.
1984 - With a view to expanding the manufacturing capacity to 4,200
tonnes per annum of 100% hydrogen peroxide, the company
into a Supplemental Licence Agreement with Laporate and
and an Engineering Services Agreement with Laporate, both the
agreements dated 13th May.
- Under the Engineering Services Agreement, Laporate was to
all kinds of technical assistance in the areas of designing,
construction and commissioning of the expanded hydrogen
- The Company entered into a Licence Agreement dated 9th April,
with Argus Chemical Corporation U.S.A. (Argus), for the
manufacture of plastic additives.
1985 - During March, the company issued 75,000 No. of equity shares
Rs.100 each at a prem. of Rs.220 per share linked with
3,35,000 - 13.5% secured non-convertible debentures of Rs.100
each at par. Out of the total issue:
- (i) 14,598 No. of equity shares reserved for preferential
allotment to the company's foreign
- (ii) 3,020 No. of equity shares linked to 16,750 debentures
reserved for preferential allotment to the employees of the
- (iii) 57,382 No. of equity shares linked to 3,18,250
were offered for public subscription.
- The objects of the issue of equity shares and debentures in
- (i) To enable the company to have its equity shares and
debentures listed on Stock Exchanges.
- (ii) To provide part of the funds required for the Company's
programme of expansion of hydrogen peroxide manufacturing
capacity and financing the hydrogen gas project and
- (iii) To meet part of the working capital requirements for
1986 - Process know-how was developed for a number of products to be
included in the production range of plastics and additives.
- 75,000 No. of equity shares issued (prem. Rs.220 per share)
linked to debentures; 7,300 No. of equity shares to Laporate
Chemicals Ltd. U.K. and 7,298 No. of equity shares to Solvay
Cie, S.A. Belgium were reserved and allotted; 3,020 No. of
shares linked to debentures were reserved and allotted to
employees (not related to directors or to directors of
interconnected undertakings) of the company and 57,882 No. of
equity shares linked to debentures were offered for public
subscription during March/April 1985.
1987 - The working results were adversely affected due to suspension
the manufacturing activities in the last quarter of the year
partly due to labour problems and partly for modifications
associated with the expansion of the existing hydrogen
- The Company issued 1,80,000 -14% non-convertible debentures of
Rs.100/- each. The debentures are redeemable at a premium of
Rs.5/- per debenture after the expiry of 7 years from the
1988 - The turnover declined due to labour strike and shut down of
Hydrogen Peroxide plant to tie in the new production
with the existing plant resulting in an effective working of
about 9 months.
- The company privately placed 1,20,000 - 14% non-convertible
debentures of Rs.100/- each with LIC, GIC and its
These debentures are redeemable at a prem. of Rs.5/- per
debenture after the expiry of 7 years from the date of
1990 - The Research and Development division developed a technology
manufacture sodium perborate monohydrate. It also developed
formulations of plastics additives to suit the special needs
1991 - The Research and Development division developed the technology
manufacture sodium perborate monohydrate of international
- Naperol Investments Ltd. with a paid-up equity capital of
Rs.24.02 lakhs and Wonderlene Investments, Ltd. with a
equity capital of Rs.6,898 are wholly owned subsidiaries of
1992 - Laporate Industries Ltd., U.K. had transferred their
business to Solvay S.A. of Belgium. Hence, the company will
receive technical support from Solvay S.A.
- The Company revamped its sodium perborate manufacturing
and the new plant was commissioned in April.
-National Peroxide Ltd has informed that Mr Kaustubh S Koparkar has
been appointed as the Secretary of the Company.
-Nusli N Wadia ceases to be a Director & Chairman of National
-National Peroxide Ltd has informed BSE that Mr K S Koparkar the
Secretary of the Company has resigned with effect from September 30,
-National Peroxide fixes Record Date
-National Peroxide has given the Bonus in the Ratio of 3:2
-Company has splits its Face value of Shares from Rs 100 to Rs 10
-National Peroxide Ltd has re-appointed Mr. S R Lohokare as the
Managing Director of the Company, for a further period of five years,
w.e.f. May 01, 2008.
-National Peroxide Ltd has entered into Gas Supply Agreement with
GAIL (India) Ltd for a long term supply of Natural Gas at the
Company's Kalyan Plant.
-Mr. Durgesh Mehta has been appointed as an Additional
(Non-Executive) Director of the Company.
-NatlPeroxide - Commencement of Commercial Production.
- Board has recommended a Dividend of Rs.12/- per equity share of Rs.
10/- each (120%), to the Equity Shareholders of the Company
- Board has recommended a Dividend of Rs.15/- per equity share of Rs.
10/- each (150%), to the Equity Shareholders of the Company
- National Peroxide starts commercial production at Kalyan plant.
-National Peroxide Ltd has shifted its Head Office to C-1, Wadia
International Centre (Bombay Dyeing), Pandurang Budhkar Marg, Worli,
Mumbai - 400 025.