The Company was established in 1960. It manufactures and produces Carbon Black and its by Products. The company was formed by Phillips Petroleum Co., a major Oil Company and a leading manufacturer of Carbon Black in U.S.A. and the Agency house of Duncan Brothers & Co.Ltd.,Calcutta. Carbon Black, an essential component in the manufacture of rubber and synthetic rubber articles and motor vehicle tyres, printing and painting industries, are manufactured. Under the Research and Development programme, the Carbon Black plants constructed towards implementing the project under the new company, Oriental Carbons Ltd., at Ghaziabad and the Gujarat Carbon Ltd. at Palej. The Company invested Rs 572 lakhs representing 24% of Equity Share Capital of India Polyfibres Limited which has set up a plant in Uttar Pradesh for the manufacture of Polyester Staple Fibre. The Company is considering various proposals in the field of Electronics and also to diversify into exports of various items as machine products. The Onshare Investments Ltd., Carniwal Investments Ltd., Philcarb Investments & Industries Ltd., Philcarb Industrial Finance Ltd., PCBL Industrial Finance Ltd. and Chinar Circuits Ltd. are the subsidiaries of the company. 2001 - The 100-tonne per day Phillips Carbon Black unit at Kochi was shut down on July 28, after a large contingent of people in the vicinity stormed its gates alleging pollution from the factory premises. 2003 - Phillips Carbon Black Ltd. has informed the Exchange that Mr. K Mukherjee has been appointed as Company Secretary w.e.f. May 01 2003 on the retirement of Mr. T K Banerjee from the services of the company. - Company's Commercial Paper has been rated as PR1 by Credit Analysis & Research Ltd. 2004 - Phillips Carbon Black Ltd delists equity shares from Jaipur Stock Exchange Limited w.e.f. August 17, 2004 under voluntary delisting guidelines as prescribed by SEBI (Delisting of Securities) Guidelines 2003 2006 -Phillips Carbon Black Ltd has informed that Mr Ashok Goyal, who has been appointed as Managing Director (Designate) with effect from July 01, 2006 has been inducted in the Board of Directors of the Company with effect from October 23, 2006. -Phillips Carbon Black Ltd has informed that Mr. Ashok Goyal has now taken charge as Managing Director of the Company effective December 01, 2006 from Mr. Sudhir Sahgal, the erstwhile Managing Director of the Company. -Phillips Carbon Black Ltd has informed that Mr. Sudhir Sahgal has ceased to be a Director of the Company with effect from December 01, 2006. 2008 -Phillips Carbon Black Ltd has informed that a Joint Venture Agreement between nominee of Phillips Carbon Black Ltd and subsidiaries of Vietnam National Chemical Corporation has been signed on May 09, 2008 at Ho Chi Minh City in Vietnam for setting up carbon black facility of 1,00,000 MT and Co-generation power plant of 16 MW in phases in Vietnam. 2009 -Phillips Carbon Black Ltd Commissioning of 30 MW Power Plant t Durgapur. 2010 - Phillips Carbon Black Ltd dividend of 40% and Golden Jubilee Year dividend of 10% for the year ended March 31, 2010. - Phillips Carbon Black Ltd Appointed Mr. Jatin Kapoor as Chief Financial Officer of the company. 2011 - Phillips Carbon Black Ltd Commencement of 10 MW co-generation power plant at Kochi, Kerala (Total Power Capacity: 68 MW) -Phillips Carbon Black Ltd Recommends a dividend of 50% i.e. @ Rs. 5/- per share for the year ended March 31, 2011, 2012 - Phillips Carbon Black Ltd Commencement of 50,000 MT carbon black plant at Mundra (Total Carbon Black Capacity: 4,10,000 MT). - Phillips Carbon Black Ltd Commencement of 8 MW co-generation power plant at Mundra, Gujrat (Total Power Capacity: 76 MW) - Phillips Carbon Black Ltd Commencement of 12,000 MT carbon black plant at Durgapur (Total Carbon Black Capacity: 4,22,000 MT) 2013 -Phillips Carbon Black has recommended a dividend of 5% . 2014 -Mr. Shashwat Goenka has been appointed as an Additional Director of Phillips Carbon Black Ltd. 2019 -PCBL expects new products from Gujarat R&D centre in 3 months. 2021 -The company has commissioned two specialty black lines at Palej, Gujarat for production of wide range of specialty black products. 2022 -The Company has splits its face value from Rs. 2/- to Rs. 1/. -Company name has changed to PCBL Ltd. from Phillips Carbon Black Ltd. 2023 -PCBL Breaks New Ground with Rs 3,800 Crore Aquapharm Acquisition. -PCBL has secured a patent for surface modified carbon black grades that will improve rubber performance. -PCBL has increased its green power capacity to 110 MW. -PCBL successfully commissioned the first phase of specialty chemicals capacity expansion at Mundra, Gujarat.