Ashok Alco-Chem Limited [AACLs] was incorporated as public limited Comp. on 18th November, 1992 under the Companies Act, 1956 in Maharashtra. Certificate of Commencement of Business was issued by Registrar of Companies, Maharashtra on 1st February, 1993, AACL was promoted by Kadakia Family of Ashok Group & Ashok Organic Industries Limited, the closely held public limited company, in the field of manufacturing & marketing of industrial alcohol, acetic acid & other down-stream products for more than two decades.
AOIL set up acetic acid unit at Mahad in September, 1992 & stabilised the produciton at Distillery at Walchandnagar after acquiiring it in March, 1992. AACL acquired these units from AOIL on 1st April, 1993 at a consideration based on Net Asset Value of units as per audited books of Acc. of AOIL as on 31st march 1993.
Distillery has capacity to manufacture 65 lac litres per annum of industrial alcohol. Acetic Acid Plant has a capacity of 8000 metric tonnes.
Capacity of Distillery is proposed to be increased to 100 lac litres per annum by way of modernisation. Bio-gas cum Effluent Treatment Plant is proposed to be set up at the Distillery which will generate methane gas which will substitute fuel requirement of Distillery.
2000 - The Comp. has signed a memorandum of understanding [MoUs] with MFC, a stated owned entity, to procure land next to its distillery on a 10-year land contract basis.