TECIL Chemicals

TECIL Chemical & Hydro Power is engaged the services of Central Depository Services. Tecil Chemicals & Hydro Power Limited (TCPL) was incorporated in 1945. Promoted by V P Varde and M S Bhandarkar, the Company was taken over by G D Somani and family in 1964. Presently, it is engaged in the manufacture of Calcium Carbide, Acetylene Black, Ferro Silicon and Desulphurisation Compounds. It has diversified into power generation by setting up two hydel power projects. Calcium carbide is used in the manufacture of Acetylene Gas, PVC, Desulphurisation Compounds, etc. Acetylene Black is mainly used for dry cell batteries. Ferro Silicon and Desulphurisation Compounds are mainly used by mini steel and integrated steel plants for refining steel. Since the products manufactured by the Company are power intensive, uninterrupted and adequate supply of power from captive units are expected to improve its performance. This will give it an edge over its competitors in the market. The company has also upgraded its calcium carbide and ferro silicon plants under the technical supervision of Elkem Metallurgy, Norway. The Ullunkar Power Project was completed in 1999. During 2001-02 there were no progress of work at Ullynkal Hydro Power Project at 7 MW capacity and Karikkayyam Power Project. At present, the manufacturing plants at Chingavanam are in-operation. They were re-opened for maintenance, however, the work had to be discontinued for the time being. The Company had appointed an agency to study Techno-Economic viability for manufacturing Ferro Silicon. However, the resumption of manufacturing activity could not be taken up due to various issues yet to be sorted out with State Government, Labour Unions and other concerned Authorities. Presently, the Company taken over by Mr. Varghese Kurian after execution of Share Purchase Agreement and completion of Open Offer as per the requirements of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2015, it has planned to start an industrial and recreational park at the existing land of the Company at Chingavanam, Kottayam, Kerala comprising of hotel, hospital, shopping complex etc.,