Jayant Agro Organics Ltd share Price

A member company of the Jayant Oil Mills group, Jayant Agro Organics (JAOL) was promoted by V G Udeshi, B M Kapadia and H V Udeshi. It set up a project to refine and hydrogenate castor oil, part-financed by a public issue in May `93. The product finds application in paints, varnishes, print inks, lubricants, etc. The technology to be employed was supplied by one of the associate companies, Jayant Industrial and Scientific Research, for a fee of Rs 25 lac. On commencement of its refining unit on 8 Jul.`93 and the commissioning of its hydrogenation facilities on 29 Sep.`93 the company acquired the status of a 100% EOU. In Jul.`94, JAOL commssioned an expansion programme to double the capacity of hydrogenated castor oil from 20 tpd to 40 tpd. A further increase in capacity to 60 tpd has been proposed. During 1997-98, the company completed its erection of Effluent Treatment -cum Recovery plant. The Company`s performance during the year 2000-2001 was excellent and the company continues to focus on development of the market for its value added products. The company has expanded the installed capacity of Hydroxy Stearic Acid & Castor Oil during the financial year 2002-03 by 3096 MT & 11800 MT respectively. With this expansion,the total capacity of H S Acid and Castor Oil have been increased to 15576 MT & 43000 MT respectively. The company has set up a separate division to undertake import and export of commodities and mercandise manufactured by others,which has commenced its activities during January 2005.