Hindustan Organic Chemicals is planning to consider sale of land at Rasayani in Maharashtra and divestment in subsidiary Hindustan Fluorocarbons. In this regard, the company’s board will meet on February 8, 2017. The company’s board will consider sale of 442 acre of land to BPCL and 20 acre of land along with some plant and machinery to ISRO. Besides, it will also consider sale of plant and machinery for manufacturing concentrated nitric acid and di-nitro tetroxide.
Hindustan Organic Chemicals was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs.