Asian Peroxides Ltd

About the Company :

Asian Peroxides Limited (APL) is the third largest HPO player in India. It was incorporated in 1986 by NRI promoter and Managing Director Mr. Shiv K. Dewan, as a 100% export-oriented unit (EOU) in technical and financial collaboration with Peroxygen Technologies Limited, UK. Having commenced operations with an installed capacity of 5,000 metric tonnes per annum (MTPA) at Sullurpet (Andhra Pradesh), 80 kms north of Chennai, it has gradually expanded its capacity to 18,000 MTPA (100% w/w basis) now.

APL debonded its EOU status in two stages in 1995 and 2005 and currently caters to the domestic demand of HPO, largely to the paper and textile industries for bleaching applications. The company is looking to expand its capacity to 38,000 MTPA with the commissioning of the Gwalior plant, and further to 45,000 MTPA by debottlenecking the Sullurpet plant. The company procures its feedstock (naphtha) and fuel (furnace oil) from Indian Oil Corporation Limited (IOCL), while the solvents are imported. The entire shareholding of the Company is held by the promoters and their associates.