CIL Nova Petrochemicals Limited
CNOVAPETRO.NS
National Stock Exchange of India16.05
INR
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CIL Nova Petrochemicals Limited
CNOVAPETRO.NS
(National Stock Exchange of India)
Recent
price
16.05
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- CIL Nova Petrochemicals Limited, established in Ahmedabad, India, on December 17, 2003, is undergoing a significant strategic transformation in its business focus. Historically, the company was active within the textile sector, manufacturing various polyester yarns including partially oriented, fully drawn, and texturized varieties, in addition to a range of fabrics. However, the firm has now strategically transitioned its core operations, having ceased its textile manufacturing to enter the grain-based ethanol production industry. Operating under the name True Green Bio Energy Ltd. for this new venture, the company is developing facilities to produce ethanol for biofuel blending and Dried Distillers' Grains with Soluble as a by-product. This new direction represents a substantial commitment, with the ethanol initiative comprising over 57% of the company's total assets.