Incorporated in 1977, Gujarat Petrosynthese Limited, was headed by founder Promoter, R M Thakkar. The Company is engaged in Manufacture of polymer alloys and blends. In 1990, the company increased its capacity to 6,250 tons per annum. In the same year, the company diversified into the shipping business by acquiring a chemical carrier.
In 1995, the Company and Karnataka State Industrial Investment and Development Corporation (KSIIDC) had set up a joint venture in Bangalore in technical and financial collaboration with China National Chemical Construction Corporation to manufacture polymer blends, an import substitute.
In 1996-97, the joint sector project, Karnataka Petrosynthese Ltd., Bangalore commenced commercial production. In 1997-98, the company embarked on an extensive restructuring of its activities to meet the challenges of the new liberalized environment. The various initiatives taken by the Company in this regard were 1) Strategic alliance with Indian Petrochemicals Corporation Limited. 2) Restructuring the Company`s activities through modification of Organisation Structure, Human Resource Development, Cost Cutting Program, Product mix, Strengthening Research & Development efforts & to work towards new product development and value addition.
Karnataka Petrosynthese Limited (KPL) was merged with the Company effective from April 1, 2001, which became its Polymer Blends and Alloys Division. In 2002-03, Company issued 8,34,401 Equity shares of Rs.10/- each to the shareholders of the erstwhile Karnataka Petrosynthese Limited (KPL) pursuant to the amalgamation of Karnataka Petrosynthese Limited with the Company.
In 2004-05, the Company hived off the Polybutene Division and transferred the assets and liabilities of the said Unit to its wholly owned subsidiary Company - Gujarat Polybutenes Pvt. Ltd. effective April 1 2005. In 2022-23, the Scheme of Merger between Gujarat Polybutenes Private Limited (GPPL) and the Company was made effective from July 01, 2020.
Gujarat Petrosynthese share price as on 22 Mar 2026 is Rs. 59. Over the past 6 months, the Gujarat Petrosynthese share price has decreased by 15.17% and in the last one year, it has increased by 4.07%. The 52-week low for Gujarat Petrosynthese share price was Rs. 51.5 and 52-week high was Rs. 81.51.
Incorporated in 1977, Gujarat Petrosynthese Limited, was headed by founder Promoter, R M Thakkar. The Company is engaged in Manufacture of polymer alloys and blends. In 1990, the company increased its capacity to 6,250 tons per annum. In the same year, the company diversified into the shipping business by acquiring a chemical carrier.
In 1995, the Company and Karnataka State Industrial Investment and Development Corporation (KSIIDC) had set up a joint venture in Bangalore in technical and financial collaboration with China National Chemical Construction Corporation to manufacture polymer blends, an import substitute.
In 1996-97, the joint sector project, Karnataka Petrosynthese Ltd., Bangalore commenced commercial production. In 1997-98, the company embarked on an extensive restructuring of its activities to meet the challenges of the new liberalized environment. The various initiatives taken by the Company in this regard were 1) Strategic alliance with Indian Petrochemicals Corporation Limited. 2) Restructuring the Company`s activities through modification of Organisation Structure, Human Resource Development, Cost Cutting Program, Product mix, Strengthening Research & Development efforts & to work towards new product development and value addition.
Karnataka Petrosynthese Limited (KPL) was merged with the Company effective from April 1, 2001, which became its Polymer Blends and Alloys Division. In 2002-03, Company issued 8,34,401 Equity shares of Rs.10/- each to the shareholders of the erstwhile Karnataka Petrosynthese Limited (KPL) pursuant to the amalgamation of Karnataka Petrosynthese Limited with the Company.
In 2004-05, the Company hived off the Polybutene Division and transferred the assets and liabilities of the said Unit to its wholly owned subsidiary Company - Gujarat Polybutenes Pvt. Ltd. effective April 1 2005. In 2022-23, the Scheme of Merger between Gujarat Polybutenes Private Limited (GPPL) and the Company was made effective from July 01, 2020.
Gujarat Petrosynthese share price as on 22 Mar 2026 is Rs. 59. Over the past 6 months, the Gujarat Petrosynthese share price has decreased by 15.17% and in the last one year, it has increased by 4.07%. The 52-week low for Gujarat Petrosynthese share price was Rs. 51.5 and 52-week high was Rs. 81.51.
