Don’t miss the latest developments in business and finance.

Hindustan Organic Chemicals

State-owned Hindustan Organic Chemicals Ltd (HOCL) on Tuesday posted a consolidated net loss of Rs 23.03 crore for the first quarter of 2023-24 despite witnessing a 17 per cent rise in sales. The company had posted a net loss of Rs 14.76 crore in the year-ago period, according to a regulatory filing. Total income increased 17 per cent to Rs 145.45 crore during the quarter compared with Rs 124.40 crore in the year-ago period. Expenses, too, increased to Rs 171.98 crore during the quarter from Rs 141.65 crore a year ago. HOCL said it is in the process of implementing a government-approved restructuring plan. Sale of unencumbered land in Rasayani through NBCC and Panvel land through e-auction are in progress, while the Phenol plant in Kochi is in operation, it said. "In view of this, the financial statement has been prepared on a going concern basis," it said. The company also said it has undertaken the closure of its subsidiary firm Hindustan Fluorocarbons Ltd and management had m

Updated On: 08 Aug 2023 | 7:24 PM IST

Hindustan Organic Chemicals locked in upper circuit of 10% at Rs 39.60, rallied 103% in past one month from Rs 19.55, as compared to 3.4% rise in the Sensex.

Updated On: 27 Aug 2018 | 11:10 AM IST

The board will meet on January 20 to consider the proposal to sell part of the company's land at Rasayani to BPCL.

Updated On: 12 Jan 2017 | 10:25 AM IST

HOC's total dues in the Rasayani unit towards salary, wages and statutory dues are of Rs 200 cr

Updated On: 08 Aug 2016 | 2:01 AM IST