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Rohit Ferro-Tech trades jubilantly on plan to divest its manufacturing unit at Jajpur

Rohit Ferro-Tech Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532731 | NSE: ROHITFERRO

30 Dec 2014 Evaluate

Rohit Ferro-Tech is currently trading at Rs. 8.70, up by 1.20 points or 16.00% from its previous closing of Rs. 7.50 on the BSE.

The scrip opened at Rs. 7.99 and has touched a high and low of Rs. 9.00 and Rs. 7.91 respectively. So far 440316 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.24 on 08-Jul-2014 and a 52 week low of Rs. 6.80 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 9.00 and Rs. 7.25 respectively. The current market cap of the company is Rs. 100.12 crore.

The promoters holding in the company stood at 72.00% while Non-Institutions held 28.00% stake in the company.

Rohit Ferro-Tech has received an approval to sell, transfer or otherwise dispose of the Jajpur manufacturing unit of the company located at Kalinganagar industrial Complex, Duburi, Jajpur district in state of Orissa. The board of directors at their meeting held on December 29, 2014, has approved for the same.

The above will be as going concern by way of slump sale or otherwise, subject to such approvals and permission as may be required for such sale. The Managing Director and Director of the Company have been authorized to negotiate the proposed deal with the prospective acceptable purchasers.

Rohit Ferro Tech (had started its operations in October’03 with a Ferro Alloy plant comprising of Two 9 MVA Submerged Arc Furnaces to produce High Carbon Ferro Chrome at Bishnupur in the state of West Bengal.

Rohit Ferro-Tech Share Price

28.45 0.00 (0.00%)

07-Apr-2022 18:02 View Price Chart

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Rohit Ferro-Tech trades jubilantly on plan to divest its manufacturing unit at Jajpur

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