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History of Oriental Carbon and Chemicals Ltd.

Objects & Activities: Manufacture of sulphuric acid ,single superphosphate ,liquid sulphur trioxide ,oleum & carbon blackBrief

The Comp. was promoted by Phillips Carbon Black Ltd.The Comp. entered into a technical collaboration agreement with The Dharamsi Morarji Chemical Co. Under the agreement the collaborators were to furnish secret technical information & process know how for manufacture of sulphuric acid .

1983-84:The Comp. undertook an expansion programme of sulphuric acid plant with DCDA process from 25000 tonnes to 30000 tonnes per annum.During the same year two new carbon black plants were commissioned increasing the installed capacity by 30000 tonnes per annum.

1986-88:Following certain liberalisation schemes the Govt reendorsed the manufacturing capacity of carbon black from 28000 tonnes to 40000 tonnes per annum in 1986-88.

1988-89:The capacity of oleum & sulphuric acid plants were increased to 13750 tonnes & 41250 tonnes respectively.

1989-90:The Comp. applied for a license to increase the licensed capacity of sulphuric acid plant from 33000 tonnes to 44000 tpa.The Comp. undertook a project for manufacture of 5000 tpa of insoluble

1991-92:The capacity was further re-endorsed to 50000 tpa of insoluble sulphur .High tech know how agreement was entered into with Sanshin Chemical Industry CO. limited of JAPAN who also agreed to buyback 10% of production of insoluble sulphur for first five years after commencement of production which was expected to commence by end of Sep 1992.

Oriental Carbon limited was amalgamated with Dharuhera Chemicals Ltd on 7/11/84.

2000 - The J P Goenka group Comp. Oriental Carbon and Chemicals has entered into an agreement with US-based carbon black manufacturer Continental Carbon Comp. for sale of its carbon black division.

- The Comp. has hived off its Carbon Black Division as a Going Concern in favour of M/s Posh Investments limited w.e.f. 1st October, & has been allotted 1,00,00,000 shares of face valueof Rs 10/- each at a premium of Rs 46/- in consideration thereof.