Machhar Industries Share Price

Machhar Industries Limited is engaged in the business of conversion of Ammonium Nitrate Melt into Solid form on Job work basis at Bharuch Plant in Gujarat. It is also engaged in production of Diesel Exhaust Fluid (DEF) at Chitegaon Factory, Chhatrapati Sambhajinagar, Maharashtra.The Company was established in 2008 following the demerger of Anil Chemicals Industries Limited. Machhar Industries is a leading industrial house located in Aurangabad, Maharashtra. The Company operates with two distinct divisions: the chemical division and the automotive division.The chemical division is involved in the production of Ammonium Nitrate, a key raw material for explosive industry. The automotive division is involved in manufacturing and distribution of AdBlue (also known as Diesel Exhaust Fluid DEF). The manufacturing plant is located at GIDC industrial area, Panoli, near Ankleshwar, Gujarat. Ammonium Nitrate is also used directly as explosives substance by mixing it with fuel oil. The present installed capacity of companies ammonium nitrate plant is 42000 tons per annum. The major raw material i.e. Ammonium Nitrate Melt is sourced from M/s. Gujarat Narmada Valley Fertilizers, Bharuch. With the introduction of BSIV BSVI emission standards by the Govt of India, all diesel vehicles with engine capacity of 2000 cc or more are equipped with equipped with SCR technology which helps in the reduction of NOx gases from the exhaust gas. For this technology to work, AdBlue has been added in vehicle. AdBlue, commonly known as Diesel Exhaust Fluid is a blend of deionised water and technical grade urea.The Company diversified into manufacturing of AdBlue at a completed automated, manufacturing unit at Chitegaon, Aurangabad. It launched AdBlue under the brand YUNI BLUE during 2023.