Past performance
About Aeonx Digital Technology Ltd Ashok Alo-Chem, part of the Ashok Organics group and promoted by the Kadakia family, specializes in trading minerals and chemicals. The company has enhanced its capabilities by acquiring a distillery and an acetic acid plant from Ashok Organics Industries to produce industrial alcohol and alcohol-based chemicals. Acetic acid, a key product, is utilized widely across industries such as textiles, food processing, and pharmaceuticals. The company's clientele includes notable firms like Reliance Industries and E Merck.
In the mid-1990s, Ashok Alo-Chem modernized its operations by commissioning a bio-gas effluent treatment plant and switching to a continuous fermentation process, boosting efficiency and yield. This was financed through a public issue. The company's production capacities were significantly increased, and further expansion in the Acetic Acid and Ester Units was completed in 1999. Ashok Alo-Chem also expanded its portfolio by acquiring Ashwa Minerals Private Limited in 2016, making it a wholly-owned subsidiary.
Performance overview