Who We Are
Dhunseri Petrochem Limited (DPL) was incorporated with the name Dhunseri Tea Co. Ltd. The Company’s first business was cultivation and production of tea at its tea estates in the State of Assam.
Later, the Company acquired the Bottle Grade PET Resin business of South Asian Petrochem Limited at Haldia in the State of West Bengal in terms of a Scheme of Arrangement with effect from 1.4.2009 and the name of the Company was changed to Dhunseri Petrochem & Tea Limited, the Company having two operating divisions i.e. Petrochem & Tea. Pursuant to a Scheme of Arrangement with effect from 1st April 2014, the Company’s Tea Division was demerged and the IT SEZ division of the Company was re-organised. The Company was carrying the Petrochem business with its Plants at Haldia and Egypt. Accordingly, the name of the Company was changed to Dhunseri Petrochem Limited.
Later, the Company entered into a Scheme of Arrangement with Dhunseri Petglobal Limited (“DPGL”) (now known as IVL Dhunseri Petrochem Industries Pvt. Ltd.) and their respective shareholders which has been sanctioned by the Hon’ble High Court of Calcutta vide its order dated July 27, 2016. Pursuant to the Scheme with effect from 1.4.2016, the PET Resin business of the Company in India has been transferred to DPGL.
The Company is now carrying on the business of treasury operations in shares and securities of other bodies corporate and Trading business in Pet resins, and the business of developing and providing infrastructure facilities in Special Economic Zone for information technology and information technology enabled services (“IT/ITES”) Bantala in the State of West Bengal through another subsidiary, namely Dhunseri Infrastructure Limited. The Company also has a subsidiary in the name of Tastetaria Pvt. Ltd. which is in the F&B business. Further, the Company also has two foreign subsidiaries, in the name of Global Foods Pte Ltd. and Twelve Cupcakes Pte Ltd. in Singapore. Global Foods Pte Ltd. is the Holding Company of Twelve Cupcakes Pte Ltd. Twelve Cupcakes Pte Ltd. is in the business of manufacture and retail of confectionery. The Company is having 5% stake in its joint venture Egyptian Indian Polyester Company, S.A.E (Incorporated in Egypt).