| .The Company was incorporated as Laxmi Organic Industries Limited at Mumbai, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 15, 1989, issued by the RoC. the Company received a certificate for commencement of business on December 20, 1989, pursuant to the provisions of the Companies Act, 1956.
Major events and milestones of the Company : 1992 - Commission of the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid 1996 Commenced production of ethyl acetate
2004 - Installation of two windmills at Chitradurga district, Karnataka with capacities of 0.6 MW each. - Receipt of ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate, acetic acid and absolute alcohol.
2006 - Installation of windmill at Ghatnandre, Sangli, Maharashtra with capacity of 1.25 MW
2008 - Expansion of ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51,000 MT - Setting up of distillery at Jarandeshwar
2010 - Acquisition of Clariant's ketene/diketene business and expansion into diketene and diketene derivatives products by commissioning of the SI Manufacturing Facility - Receipt of ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol
2011 - Increase from 8,900 MT to 13,380 MT in the capacity of diketene and diketene derivatives and expansion of ethyl acetate capacity to 120,750 MT - Setting up of DSIR approved R&D centre at the SI Manufacturing Facility
2012 - Investment by the International Finance Corporation in the Company
2013 - Incorporation of the Subsidiary, Laxmi Organic (Europe) B.V., in Netherlands, Europe - Incorporation of the Subsidiary, Laxmi Petrochem Middle East FZE in Sharjah
2018 - Commissioning of the hydro-electric power project at Yedgaon
2019 - Receipt of DSIR registration for the Rabale Innovation Centre
2020 - Acquisition of assets from Miteni by VLPL
2021 - Receipt of USDA Certified Biobased Product label from U.S. Department of Agriculture for ethyl acetate - Signing of definitive agreements for the YCPL Acquisition - Receipt of ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015 certification for the manufacturing, marketing and sales of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol - Investment in Cleanwin Energy One LLP, which is engaged in the business of generation of renewable energy to acquire 26% stake, and execution of a power purchase agreement in connection therewith.
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