Hindustan Organic Chemicals Announces 10-Day Phenol Plant Shutdown for Maintenance

1 min read     Updated on 09 Sept 2025, 12:12 PM
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Overview

Hindustan Organic Chemicals Ltd (HOCL) will temporarily shut down its Phenol plant in Kochi, Kerala, for 10 days from September 10 to 19, 2025, for essential maintenance work on the Cumene Plant. The Hydrogen Peroxide Plant will continue normal operations. HOCL has sufficient reserve stock to meet demand, expecting no impact on sales. Operations are set to resume on September 20, 2025. The company has notified the BSE in compliance with SEBI regulations.

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Hindustan Organic Chemicals Ltd (HOCL) has announced a temporary shutdown of its Phenol plant in Kochi, Kerala, for essential maintenance work. The shutdown is scheduled to last for 10 days, from September 10 to September 19, 2025.

Maintenance Details

The company disclosed that the primary reason for the shutdown is maintenance work in the Cumene Plant. During this period, the Phenol plant will be non-operational. However, HOCL has confirmed that its Hydrogen Peroxide Plant will continue to operate normally throughout the maintenance period.

Impact on Operations and Sales

HOCL has taken measures to ensure minimal disruption to its business operations during the shutdown:

  • The company reports having sufficient reserve stock to meet demand during the maintenance period.
  • No sales are expected to be affected due to the temporary closure.
  • The plant is scheduled to resume operations on September 20, 2025.

Regulatory Compliance

In adherence to regulatory requirements, Hindustan Organic Chemicals Ltd has formally notified the BSE (Bombay Stock Exchange) of this temporary shutdown. The disclosure was made in compliance with Regulation 30, read with Schedule III Part A para B of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This planned maintenance demonstrates HOCL's commitment to ensuring the efficiency and safety of its operations. By proactively addressing maintenance needs, the company aims to maintain the long-term reliability of its Phenol production facilities.

Historical Stock Returns for Hindustan Organic Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+3.30%+0.57%+4.20%+52.04%-22.80%+158.47%
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Hindustan Organic Chemicals Secures Rs 100 Crore Credit Facility from State Bank of India

1 min read     Updated on 16 Aug 2025, 05:52 PM
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Reviewed by
Naman SharmaScanX News Team
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Overview

Hindustan Organic Chemicals Limited (HOCL) has executed a loan agreement with State Bank of India (SBI) for a Rs 100 crore credit facility. The arrangement includes both fund-based and non-fund-based facilities, aimed at meeting working capital requirements and providing bank guarantee facilities. The loan is secured by a first charge on HOCL's current assets. This agreement is expected to enhance HOCL's operational capabilities and financial flexibility.

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Hindustan Organic Chemicals Limited (HOCL) has successfully secured a significant credit facility from State Bank of India (SBI), bolstering its financial position to meet working capital requirements and enhance operational flexibility.

Credit Facility Details

HOCL executed a loan agreement with SBI on August 16, 2025, for both fund-based and non-fund-based facilities totaling Rs 100.00 crore. The credit facility is structured as follows:

Aspect Details
Total Amount Rs 100.00 crore
Purpose Working capital requirements and bank guarantee facilities
Security First charge on the company's current assets

Key Points of the Agreement

  • The agreement aims to provide HOCL with the necessary financial resources to support its working capital needs and offer bank guarantee facilities.
  • The loan is secured by a first charge on the current assets of the company, demonstrating HOCL's commitment to meeting its financial obligations.
  • This credit facility is expected to enhance HOCL's operational capabilities and financial flexibility.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Hindustan Organic Chemicals Limited promptly disclosed this information to the stock exchange. The company's proactive approach to transparency is evident in its timely communication of this material development to its stakeholders.

Company's Statement

Subramonian H, Company Secretary & Compliance Officer of Hindustan Organic Chemicals Limited, signed the regulatory filing, affirming the company's commitment to keeping investors and the market informed about significant financial arrangements.

This credit facility agreement with State Bank of India marks an important step for Hindustan Organic Chemicals Limited, potentially strengthening its financial position and supporting its operational needs in the coming years.

Historical Stock Returns for Hindustan Organic Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+3.30%+0.57%+4.20%+52.04%-22.80%+158.47%
Hindustan Organic Chemicals
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