Insilco shines on commencing commercial production of additional capacity

31 Jan 2012

Insilco is currently trading at Rs. 14.55, up by 0.29 points or 2.03% from its previous closing of Rs. 14.26 on the BSE.

The scrip opened at Rs. 14.13 and has touched a high and low of Rs. 14.55 and Rs. 14.12 respectively. So far 4090 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.70 on 04-Nov-2011 and a 52 week low of Rs. 12.00 on 16-Mar-2011.

Last one week high and low of the scrip stood at Rs. 14.70 and Rs. 14.07 respectively. The current market cap of the company is Rs. 91.25 crore.

The promoters holding in the company stood at 73.11% while Institutions and Non-Institutions held 0.06% and 26.83% respectively.

Insilco has commenced commercial production of additional capacity of 6000 metric tonnes per annum. With this expansion, the plant capacity has been increased from 15000 metric tonnes per annum to 21000 metric tonnes per annum. The company has commenced the production on January 31, 2012. The board at its meeting held on January 31, 2012 has taken the note of it.

Insilco’s principal activity is to manufacture and sell precipitated silica. It produces different grades of precipitated silica, catering to the requirements of customers in rubber and non-rubber segments. The rubber applications include tyres, footwears, rice roller, rubber auto parts and miscellaneous rubber goods industries. The non-rubber applications include plant protection, feed, food, toothpaste, detergents, battery separator, paints, silicon rubber, frp, defoamer, pharmaceuticals and distilleries.

 

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