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JBF Industries surges on starting commercial production of its PET project at Geel

30 Jun 2014 Evaluate

JBF Industries is currently trading at Rs. 127.50, up by 1.50 points or 1.19% from its previous closing of Rs. 126.00 on the BSE.

The scrip opened at Rs. 125.85 and has touched a high and low of Rs. 128.00 and Rs. 125.05 respectively. So far 6139 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 136.85 on 09-Jun-2014 and a 52 week low of Rs. 65.00 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 129.00 and Rs. 118.65 respectively. The current market cap of the company is Rs. 824.57 crore.

The promoters holding in the company stood at 57.11% while Institutions and Non-Institutions held 17.41% and 25.48% respectively.

JBF Industries’ PET project at Geel, Belgium has gone into commercial production and deliveries to customers will start this week. The 3,90,000 tpa project is executed through JBF Global Europe BVBA, wholly owned step subsidiary of JBF Industries.

Moreover, film project set up through JBF Bahrain SPC is already running satisfactorily. With this, two out of three projects which Company was implementing have started commercial production.

The third project to manufacture PTA at SEZ Mangalore is progressing as per plans and production is expected by last quarter of 2015.

JBF Industries is engaged in the manufacturing of polyester chips, partially oriented yarn and polyester processed yarn/specialty yarn at its plants at Silvasa in the Union Territory of Dadra and Nagar Haveli and at Valsad (Gujarat). The company is one of the leading names in Polyester business in India.

JBF Industries Share Price

4.42 0.00 (0.00%)
03-Oct-2023 18:03 View Price Chart
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