Andhra Petro Ltd
Add to watch list to get report alerts
BSE Code:
500012
NSE Code:
ANDHRAPET
Business Profile
Business Profile
Andhra Petrochemicals (ANDHRAPE) is engaged in the manufacture and sale of oxo-alcohols. It was incorporated on April 18, 1984.
The company manufactures including 2-ethyl hexanol, N-butanol and I-butanol. The manufacturing facility of the company is located at Visakhapatnam, Andhra Pradesh with a production capacity of 42,000 TPA. In October, 2007, an expansion and modernization program has been initiated by the company to increase the production capacity to 73,000 MTPA with the signing of a technology license and engineering supply agreements with Davy Process Technology, London (Davy). The enhanced capacity of the company is expected to be operational in the second half of 2009-2010. An uninterrupted power supply system of 2,400 KVA has been installed by the company to lower power costs.
The registered office of the company is located at Venkatarayapuram, West Godavari district, Tanuku-534215, Andhra Pradesh.
Financials
The company swung to loss for the quarter ended December 2008. During the quarter, the company reported loss of Rs 21.23 million compared with a profit of Rs 88.96 million in the same quarter last year. Net sales declined 29.77% to Rs 489.44 million, while total income for the quarter fell 28.81% to Rs 507.38 million, when compared with the prior year period. It posted loss of Rs 0.25 a share during the quarter compared with earnings of Rs 1.05 a share in prior year period.