Support and Resistance Levels
Past performance
About Andhra Petrochemicals Ltd Andhra Petrochemicals Ltd (APL), incorporated in 1984, is a manufacturer of Oxo-Alcohols, including 2 Ethyl Hexanol, Normal Butanol, and Iso Butanol. These products are essential in industries such as plasticizers, stabilizers, chemicals, and pharmaceuticals. The company, an associate of The Andhra Sugars Ltd., operates a plant in Visakhapatnam, Andhra Pradesh, India, originally set up with a capacity of 30,000 MTPA. After modernization, the plant's capacity increased to 73,000 MTPA, employing advanced technology from JM Davy, London.
The company commenced commercial production in 1994 and expanded its capacity through optimization and modernization efforts. Financial strategies, including a rights issue and preferential allotment, were employed to support expansions and address cost overruns. APL's focus on modernization, including the installation of an Uninterrupted Power Supply System, has significantly reduced operational costs, positioning it as a competitive player in the petrochemical industry.