Andhra Petrochemicals :- Turnaround Candidate with Multibagger Potential
Andhra Petrochemicals Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 305.47 Crore) operating in Chemicals sector. The Andhra Petrochemicals Ltd. (APL) was promoted by The Andhra Pradesh Industrial Development Corporation (APIDC) and The Andhra Sugars Ltd (ASL) in 1984 as joint sector Company. Subsequently the structure of the Company has changed into an assisted sector Company with ASL being the major share holder. Andhra Petrochemicals' oxo-alcohol s facility in Visakhapatnam, in the state of Andhra Pradesh, is the only producer of oxo-alcohols in India and accounts for 30 of the market. It produces isobutanol, 2-ethylhexanol and n-butanol. The facility began its operations in 1994 with an initial capacity of 30,000mtpa. Over the years the company enhanced its production capacity to 39,000mtpa. The estimated investment in setting up the facility was about $50m. Plant expansion :- In ...