IOL Chemicals trades higher on the bourses

IOL Chemicals and Pharmaceuticals (IOLCP) is currently trading at Rs 25.45, up by 0.95 points or 3.88% from its previous closing of Rs 24.50 on the BSE.

The scrip opened at Rs 24.40 and has touched a high and low of Rs 26.00 and Rs 23.45 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 49.20 on 20-Jan-2011 and a 52 week low of Rs 23.15 on 15-Dec-2011.

Last one week high and low of the scrip stood at Rs 28.95 and Rs 23.15 respectively. The current market cap of the company is Rs 63.01 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 1.20% and 44.59% respectively. 

IOLCP, producers of APIs, Ibuprofen and specialty chemicals has once again won the National Energy Conservation Award 2011. The company has won the second prize in chemical sector for its continued efforts towards new technology implementation so as to conserve energy resources of the country.

It is worth noting that winning the National Energy Conservation Award 2011 has enabled IOLCP to hold the distinction to have won the national energy conservation awards consecutively for seven years. IOLCP has won the second prize of National Energy Conservation Award every year since 2005.

The national energy conservation awards are given every year by the Ministry of Power, Government of India, to industrial units, office buildings, hotels and hospitals, zonal railways, state designated agencies, municipalities, and manufacturers of BEE Star labeled appliances that have made commendable efforts in energy conservation in their respective fields.

Apart from the energy conservation initiatives at IOLCP, the company is also actively involved in protection and preservation of the environment in and around its manufacturing units. The company’s environmental policy includes sustained efforts towards minimizing adverse environmental impact by controlling emission, effluents and waste generation at its manufacturing units in order to prevent pollution and reduce its carbon footprint.

The company also emphasizes on optimum utilization of resources through model business practices that include diligent recovery of solvents, improvement in the yields, energy and water. The company also invests regularly in continuously upgrading its Environment Management System (EMS) and its operating standards to comply with applicable legalization and regulations.