Brief History of Southern Magnesium & Chemicals Limited (SMCL)
Incorporated in Feb.'85, Southern Magnesium & Chemicals Limited (SMCL) is promoted by Dr. N B Prasad and family. The company set up a project at Gowripatnam, Andhra Pradesh, to manufacture magnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation. The company acquired a pilot plant set up the National Metallurgical Laboratory for the manufacture of magnesium by Pidgeon process with a capacity of 200 tpa. The company then carried out necessary alterations, modifications, additions and enhanced the capacity to 600 tpa. Commercial production commenced in 1990, becoming the first and only company in India to commercially produce Magnesium Metal.
Southern Magnesium and Chemicals Limited came out with a public issue in Dec.'93 to diversify into the production of various down stream products like magnesium granules, magnesium powder, magnesium alloy and magnesium extrusion. Due to unfavourable market conditions the company has stopped Magnesium Metal Production and currently manufactures Magnesium Chips, Turnings, Granules and Powders.
The Company bearing CIN L27109TG1985PLC005303, having the Registered Office situated at Deccan Chambers, 5th Floor, 6-3-666/B, Somajiguda, Hyderabad – 500 082 (Telangana) is listed on BSE Limited.