HOCL Share Price Met its Lifetime High of Rs.107.50

HOCL came into being in 1960 to indigenize manufacture of basic chemicals and reduce nation’s dependence on import of significant organic chemicals.HOCL share price met its life time high of Rs.107.50 on 02-Jan-08. Hindustan Organic Chemicals Limited (HOCL) is a government of India owned company based in Mumbai. Its products are Phenol, Nitrobenzene, Acetone, Nitrotoluenes, Aniline, Chlorobenzenes & Nitrochlorobenzenes. Basic Organic Chemicals includes Pesticides, Dyes & Dyestuffs, Drugs & Pharmaceuticals, Resins & Laminates, Plastics, Paints, Rubber Chemicals, Textile Auxiliaries & Explosives.

Research & Development Overview:Objectives and strategy for Research & Development of HOCL:Research & Development unit of HOCL was established in April 1971 at Rasayani in Maharashtra State. It is identified by DSIR, Ministry of Science and Technology, Indian Government. It was established to undertake development work to use a number of by-products and to increase the profitability of operations by enhancing the yields and raw material and utility consumption standards and to develop the processes recognised for Long Range Growth. The specific areas in which R & D is undertaken and the future plan of action Catalyst development and evaluation.Process development and Process scale-up activities in Pilot Plants.Other activities are focused on Absorption, Assimilation and Improvement of Imported Technology, and Recovery of by-products and their usage through value added products.Also, collaborative development work along with other divisions which are Technical Services, Production, Quality Control, Corporate Long Range Planning, Industrial Health and Hygiene, etc.

Environment Protection:

• The Rasayani Unit
• Green Belt Development for maintaining the ecological balance in and around HOCL
• Responsible Care Centre at Rasayani
• Environment monitoring facilities and amenities at the Cochin Unit
• Greenbelt at the Cochin Unit

Human Resource Development:Objective

• They believe that HRD - Human Resource Development is amongst the significant aspects for the successful operation of an organisation.
• They intend to improve the following through training:
• Competence of individuals.
• The dynamism of the group/team
• The effectiveness in the company.

Develop the right kind of organisational climate and proper work culture.Prepare to achieve better results by strategic planning, constant monitoring, updating skills, information and knowledge.

Main Products:

• Aniline
• Formaldehyde
• Nitrobenzene
• Ortho- Nitro-Toluene
• Meta-Nitro- Toluene
• Para- Nitro-Toluene
• Sulphuric Acid 98 %
• Oleum 65%
• Oleum 24%
• Acetanilide
• Caustic Soda Lye 50%
• Hydrochloric Acid
• Liquid Chlorine
• Concentrated Nitric Acid (CNA)
• Caustic Soda Lye 32%
• Hydrogen Gas

HOCL Share Price Forecast:The closest support level for the HOCL share pricestands at Rs.16.60 while the closest resistance level stands at Rs.19.25. Its 52 week low stands at Rs.10.55 (08-Sep-15). HOCL has a market cap amounting to Rs.122.10 crore. It has a book value of -119.54. Its life time low stands at Rs.4.60 (08-Mar-99).For detailed information on the HOCL share, visit HOCL share price history.

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