Scripscan:TANFAC Industries Ltd
CMP:67
Code:506854
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. Company starting trading in carbon credits, which will
generate additional revenue.
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Note: The above is not a research report but information as available on public domain and it should not be treated as a research report.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure: It is safe to assume that i might have TANFAC INDUSTRIES Ltd in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments.
