Oriental Carbon surges on increasing insoluble sulphur potential to 45000 MTPA over subsequent 3 years by admin- Monday, May 13th, 2019 04:46:33 PM
Oriental Carbon & Chemicals is currently buying and selling at Rs. 1164.95, up with the aid of 33.Ninety five points or three.00% from its preceding last of Rs. 1131.00 at the BSE.
The scrip opened at Rs. 1154.00 and has touched a excessive and low of Rs. 1164.Ninety five and Rs. 1153.60 respectively. So some distance 8 shares had been traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1230.00 on 06-Aug-2018 and a fifty two week low of Rs. 901.00 on 08-Oct-2018.
Last one week excessive and coffee of the scrip stood at Rs. 1164.Ninety five and Rs. 1093.00 respectively. The present day marketplace cap of the agency is Rs. 1152.46 crore.
The promoters retaining within the employer stood at 51.56%, while Institutions and Non-Institutions held 24.00% and 24.Forty four% respectively.
Oriental Carbon & Chemicals (OCCL) has received acclaim for expansion of its Insoluble Sulphur capability from 34000 MTPA to 45000 MTPA over next three years at Dharuhera, Haryana in two levels of 5500 MTPA every together with the addition of Sulphuric Acid ability of 42000 MTPA, with an funding of round Rs 216 crore which includes Rs 7.5 crore of running capital margin.
The first segment of Insoluble Sulphur Plant and Sulphuric Acid Plant are expected to be commissioned by way of the 1/3 quarter of FY 2020-21. The Board of Directors of the Company at its meeting held on May 10, 2019 has approved the equal.