Cals Refineries Background & Fundamental Analysis
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The company is into integrated refineries and petrochemical business. The company (CALS - Computer Aided Learning Systems) was initially established to develop bilingual computer systems and it came out with an IPO in 1994. In 2007 the company got acquired by Spice Energy Group. The company has plans to set up a total of 20 MMTPA of oil refining capacity in Haldia, West Bengal, in phases, thereby emerging as the third largest oil Refining and petrochemical company in the Indian private sector.
Five year financial snapshot:
