Incorporated in 1979, and promoted by Aruna Oswal, Oswal Agro Mills Limited (OAM) has four divisions: sugar, petrochemicals (producing different olefin products), agro-producing triglycerides /oils/ industrial hard oils, etc); and engineering projects (supplying power packages/ compressors on turnkey basis). The principal business of the Company is trading/development of real estate, trading of goods etc. Further, OGL also invests its surplus funds as interest bearing inter-corporate deposits.
In 1989, the company took over a petrochemicals and alchohol-based chemical complex of Union Carbide at Chembur, Bombay. The complex is India's first naphtha cracker unit to produce ethylene for captive consumption, and also for production of low-density polyethylene (plastics), propylene, acetylene and dripolenes which are raw materials for the chemical and plastic industries. The company's Chembur complex is the only one which has faclities to manufacture XLPE grade high value-added products like polystyrene, propylene glycols, etc, and low-density poly ethylene (LDPE) of international standards.
OAML floated a 100% EOU, Oswal Agro Furane, and has also promoted another company, Bindal Agro Chem, which produces vanaspati, processed soyabeans, refines oil and is engaged in the hydrogenation of oil, etc. OAML has expanded and diversified into potential areas of growth and profit. It has increased its capacity for the manufacture of toilet soaps and sugar, and has set up a plant to ... manufacture agro-based products. It also plans to utilise the various by-products for high value-added chemicals.
During 1998-99, the operations of petro-chemicals unit at chembur, Bombay was suspended and the lock out was declared. The company is also in process of diversification into commercial shipping activities.
During the year 1999-2000, the Company strengthened its Engineering and Projects Division which is fully equipped to handle high value orders on turnkey basis.
During the year 2000-01,the company has sold its sugar unit at Phagwara.
The Company promoted a wholly owned subsidiary Company named 'Oswal Overseas Ltd.' in DAE for pursuing various international
projects during 2006. It acquired sole marketing and distribution rights of PT Garda Tujuh Buana Tbk, Indonesia through its subsidiary company Oswal Overseas Ltd during the year 2009-10. And resulting to this, the Company promoted a wholly owned subsidiary company in the month of April 2010 named 'CHEMBUR TOWNSHIP PRIVATE LIMITED' in India for pursuing the real estate projects.
During the year 2014, the Company was mainly engaged in real estate development project and investment activities. Thereafter, it undertook trading activities in the real estate sector in 2015.
During the year 2021-22, the Company dealt in trading of commodities, and generated income from interest on inter-corporate
deposits, trading in mutual funds and other miscellaneous incomes. Further, it has been carrying on the real estate and other non financial activities.
FAQs on Oswal Agro Mills Ltd
1. Can I buy Oswal Agro Mills Ltd from PL Capital? ›
Yes, you can invest in Oswal Agro Mills Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Oswal Agro Mills Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Oswal Agro Mills Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Oswal Agro Mills Ltd pay dividends? ›
Oswal Agro Mills Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Oswal Agro Mills Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Oswal Agro Mills Ltd. is ₹ 51.52 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Oswal Agro Mills Ltd ? ›
The 52-week high and low of Oswal Agro Mills Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
