Monday, November 2, 2015

TANFAC INDUSTRIES LTD ;- A BABY OF THE ADITYA BIRLA GROUP

Dear readers,


  Today we are looking in to Commodity Chemicals space big promoter group stock for investment portfolio



                

                                              TANFAC INDUSTRIES LTD

     

                                                                                       





Tanfac Industries Limited (TIL) was incorporated in 1974 by Tamil Nadu Industrial Development Corporation (TIDCO) as a joint sector company along with L. Narayanan Chettiar. Chettiar later withdrew from the project and the Aditya Birla Group became the co-promoter with a 25% stake in 1980. While the company is a joint venture between TIDCO and the Aditya Birla Group, the management control vests with the Aditya Birla Group. The company manufactures aluminum fluoride (AF), anhydrous hydrogen fluoride (HF), sulphuric acid and specialty fluorides. These inorganic fluorinebased chemicals have vital applications in industries such as aluminum smelting, petroleum refining, refrigerant gases, steel re-rolling, glass, ceramics, sugar, fertilizers, and heavy water.  



Tanfac, one of India's largest suppliers of Fluorine chemicals, is a Joint Sector Company promoted by The Aditya Birla Group of Companies i.e. Grasim Industries Limited, Hindalco Industries Limited, Pilani Industries & Investment Corporation Limited (PI&ICL) and Tamilnadu Industrial Development Corporation (TIDCO). Its plant and facilities are spread over 60 acres in the chemical complex of SIPCOT at Cuddalore near Pondicherry, about 200 kms from Chennai, India . 


Tanfac is engaged in the manufacture of inorganic Fluorine based chemicals such as Aluminium Fluoride,Anhydrous Hydrofluoric acid,Sodium Silico Fluoride,Ammonium Bifluoride,Potassium Fluoride,Cryolite and various other Organic Fluorine based chemicals.


TIL’s manufacturing plant and facilities are spread over 60 acres in the chemical complex of SIPCOT at Cuddalore near Pondicherry. It has technical collaborations with Davy Process (formerly BUSS AG), Switzerland for ALF3 and Chenco, Germany for hydrofluoric acid. Currently, company has an installed capacity of 15600 tpa each for ALF3 & AHF, 75000 tonne for sulphuric acid and 3400 tonne for specialty fluorides. It also has an ISO 9001, 14001, & TPM certification. Being an Aditya Birla group company, Hindalco is its major customer apart from NALCO. Besides, nearly 30% of the production is being exported to to countries across the globe including USA, Europe, Australia, New Zealand, Singapore, Thailand and Middle East. Notably, aluminium industry worldwide has been growing at a fast pace and this has led to a significant improvement in demand for aluminium fluoride. Since 60% of company’s revenue comes from ALF3, this augurs well for TIL. Further, it is expected to maintain its growth momentum in coming years as it has undertaken new market initiatives, new products launch, capacity expansion of existing production and cost savings from process improvement schemes. In the current year, company is planning to launch four new value added products. Meanwhile, one of its projects has been already registered under CDM and company is expected to start trading in carbon credits from this fiscal, which will generate additional revenue.



TECHNOLOGY TIE-UPS
Davy Process(Formerly BUSS AG), Switzerland - for Aluminium Fluoride (Know-how and equipment)
CHENCO,Germany - for Hydrofluoric Acid (Know-how and equipment).
Grasim Industries Limited - for Sulphuric Acid / Oleum (Design and Erection).


END USE / APPLICATIONS
Inorganic Fluorine based chemicals manufactured by TANFAC have vital applications in industries as varied as Aluminium Smelting, Petroleum Refining, Refrigerant Gases, Steel Re-rolling, Glass, Ceramics, Sugar, Fertilizers, Heavy Water, etc.

Organic Fluoro chemicals are used as intermediates in the manufacture of Pharmachemicals and Agrochemicals.

focuses on variety of specility fluorides which are developed and manufactured depending on specific requirement of customers.

Tanfac is an ISO 9001 , 14001 , TPM certified Company.

   

   Company posted 43 cr top line and 5.10 cr bottom line in June 2015 quarter with an EPS of 5 in single quarter.  Stock trading only BSE @ 56 level, one can buy this stock @ current price and add more in corrections (if any ) for long term investments, this stock may be next ADITYA BIRLA CHEMICALS (INDIA ) LTD in your portfolio.


  Before buy a stock take advice from certified person.



  Disclosure :- I am holding this company shares.


4 comments:

  1. Sir thanks for your recommendations.pl publish Diwali dhamaka stock before festival

    ReplyDelete
  2. Please express your views about Federal Bank

    ReplyDelete
  3. guj themis going down after result . can hold or sell and buy later

    ReplyDelete
  4. any news on tanfac now sor je

    ReplyDelete