Company profile -
Dhunseri group, which started off as a tea producer, is now one of the largest producers of Polyethylene Terephthalate (PET) Resin in India. The group had promoted South Asian Petrochem Ltd (SAPL) in 1996 to setup a Greenfield PET manufacturing Venture. SAPL was amalgamated with DTIL with effect from 1st April 2009, with the objective to enhance scale, growth and sustainability. The result was the creation of Dhunseri Petrochem & Tea Ltd. (DPTL) (gross revenues in the range of ₹ 2,500 crore in FY 2012-13). DPTL operates two PET resin plants in Haldia with a consolidated production capacity of 4, 10,000 TPA.
Current movement-
Dhunseri Group is one corporate entity involved in multiple businesses. Its traditional business of tea is complemented by a growing demand for PET resin with IT infrastructure development as a stepping stone for the future.
Until 2008-09, Dhunseri Tea & Industries Ltd.
(DTIL) was only engaged in tea production and
then it branched out into the other segments.
Tea is one of the oldest businesses of the
Dhunseri Group and has been the flag bearer
for the last five decades.
(DTIL) was only engaged in tea production and
then it branched out into the other segments.
Tea is one of the oldest businesses of the
Dhunseri Group and has been the flag bearer
for the last five decades.
DTIL has widened its reach from eight estates
in 2003-04 to ten estates in 2012-13 in Assam.
As a result, the company is now one of the ten
largest tea producers in India. The Company’s tea packaging
and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur(Raj.).
Dhunseri group has through its subsidiary; Dhunseri Petrochem & Tea Pte Ltd.
recently acquired two tea estates in Malawi in South Eastern Africa with a production
capacity of 94.50 lac kgs of tea. With this acquisition, Dhunseri Petrochem & Tea Ltd.
has joined the elite club of tea companies, who have already made their foray in the
overseas tea plantation business.
in 2003-04 to ten estates in 2012-13 in Assam.
As a result, the company is now one of the ten
largest tea producers in India. The Company’s tea packaging
and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur(Raj.).
Dhunseri group has through its subsidiary; Dhunseri Petrochem & Tea Pte Ltd.
recently acquired two tea estates in Malawi in South Eastern Africa with a production
capacity of 94.50 lac kgs of tea. With this acquisition, Dhunseri Petrochem & Tea Ltd.
has joined the elite club of tea companies, who have already made their foray in the
overseas tea plantation business.
Dhunseri group, which started off as a tea producer, is now one of the largest producers of Polyethylene Terephthalate (PET) Resin in India. The group had promoted South Asian Petrochem Ltd (SAPL) in 1996 to setup a Greenfield PET manufacturing Venture. SAPL was amalgamated with DTIL with effect from 1st April 2009, with the objective to enhance scale, growth and sustainability. The result was the creation of Dhunseri Petrochem & Tea Ltd. (DPTL) (gross revenues in the range of ₹ 2,500 crore in FY 2012-13). DPTL operates two PET resin plants in Haldia with a consolidated production capacity of 4, 10,000 TPA.
Dhunseri group is also in the process of commissioning a PET Resin facility in Egypt
through its subsidiary Egyptian Indian Polyester Company S.A.E. (EIPET) with an estimated
investment of approx USD 170 mn. Decision to invest in Egypt is based on factors
like Egypt’s strategic location, proximity to markets in Europe, Africa and Asia, availability
of skilled human resources, easier access to raw material sources. EIPET will also benefit
from savings in freight cost.The 10 year old PET resin business of Dhunseri group is on the
verge of quadrupling after sustained efforts since inception.
through its subsidiary Egyptian Indian Polyester Company S.A.E. (EIPET) with an estimated
investment of approx USD 170 mn. Decision to invest in Egypt is based on factors
like Egypt’s strategic location, proximity to markets in Europe, Africa and Asia, availability
of skilled human resources, easier access to raw material sources. EIPET will also benefit
from savings in freight cost.The 10 year old PET resin business of Dhunseri group is on the
verge of quadrupling after sustained efforts since inception.
The group is also in the process of
foraying into the third business of annuity
income through the development of IT
infrastructure. The company has started
the development of an IT complex at Bantala
(located at the outskirts of Kolkata) to be built
in two phases.
foraying into the third business of annuity
income through the development of IT
infrastructure. The company has started
the development of an IT complex at Bantala
(located at the outskirts of Kolkata) to be built
in two phases.
DPTL is headquartered in Kolkata (West Bengal).
The Pet Resin factory is situated at Haldia and the tea gardens & factories are located in
Assam. The Board of Directors of DPTL comprises personalities of repute, achievement
and standing. Mr. Chandra Kumar Dhanuka is the Executive Chairman and Mr. Mrigank
Dhanuka is the Vice Chairman & Managing Director of the company.
The Pet Resin factory is situated at Haldia and the tea gardens & factories are located in
Assam. The Board of Directors of DPTL comprises personalities of repute, achievement
and standing. Mr. Chandra Kumar Dhanuka is the Executive Chairman and Mr. Mrigank
Dhanuka is the Vice Chairman & Managing Director of the company.
Current movement-
Today stock has provided breakout with heavy volume around 123 and it has formed
stable base at 120 Rs. before moving further. Hence, in coming days we will likely to see
the levels of 160 rs. provided it will sustain the support of 120. We recommend to buy at
CMP of 130 for the level of 160.
stable base at 120 Rs. before moving further. Hence, in coming days we will likely to see
the levels of 160 rs. provided it will sustain the support of 120. We recommend to buy at
CMP of 130 for the level of 160.
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