Pondy Oxides & Chemicals Ltd

A Partnership Firm, 'M/s. Pondy Oxides & Chemicals', was promoted by R D Bansal, Devekar Bansal and their Associates, in 1992. The Firm started its activities of trading of zinc and lead sub-oxide in Jul.'93. Later on, POC ventured into the manufacture of Zinc Oxide by putting up a manufacturing plant in Pondicherry.

Pondy Oxides & Chemicals Limited was incorporated in 1995 to takeover the business of the partnership firm at a consideration of Rs.75 lacs. POCL entered capital market with a public issue of 17,05,700 equity shares of Rs 10 each for cash at par aggregating Rs 1.71 cr in Jan.'96 to expand the capacity of zinc and lead sub-oxide. The project also envisaged setting up of one litharge, red lead and zinc production plant.

The company has entered in the joint venture agreement with M/s. Katril Oxides (M) Sdn Bhd. The company has exported Plant and Machinery and supplied Technical Know-how to Malaysia towards 30% share capital participation in joint venture company, Which started commercial production during January 1998.

The Company's subsidiary M/s. Baschem Pharma Limited started a new unit in Maraimalai Nagar for manufacture of Liquid Stabilisers, Epoxy Oil and Metallic Octoates and started commercial production in January '99.

The principal activities of the Company are converting scraps of various forms of Lead, Aluminium and Copper into Lead Metal, Aluminium Metal, Copper and its Alloys. It carries out smelting of Lead Battery scrap to produce secondary lead metal which is then processed into pure lead and specific lead alloys. Further, it manufactures Zinc metal and Zinc Oxide.

During August 2006, Company raised Rs.735.06 lacs from the shareholder&through the Right Issue in the ratio of 2 Equity Shares for every three Equity Shares held. The Company's unit at Sriperumbudur, in addition to the Lead Compound business, started manufacturing Lead and Lead Alloys. The Thiruvallur Unit started functioning during the year 2007-08 for the manuf