CMI FPE is currently trading at Rs. 800.05, up by 2.05 points or 0.26% from its previous closing of Rs. 798.00 on the BSE.
The scrip opened at Rs. 760.00 and has touched a high and low of Rs. 800.05 and Rs. 760.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1355.00 on 14-Feb-2011 and a 52 week low of Rs. 670.00 on 03-Jan-2012.
Last one week high and low of the scrip stood at Rs. 838.95 and Rs. 751.00 respectively. The current market cap of the company is Rs. 392.06 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.03% and 24.97% respectively.
CMI FPE, one of the CMI Industry’s Indian subsidiaries, entered into a new agreement with Inversiones EMCO SA DE CV (Honduras), for the design and supply of a wet flux type continuous galvanizing line. This is for the first time CMI inks an order with Inversiones EMCO.
The Wet flux type continuous galvanizing line has a total capacity of 49,200 tonnes per year. The line operates steel strips of 1050 mm width and 0.10 to 0.90 mm thick at a processing speed of 80 mpm. This equipment will be commissioned within 12 months.
The principal activities of the company comprise of manufacturing and installation of cold rolling mills complexes, processing lines, chemical processes, thermal processes and automation equipments for ferrous and non-ferrous industries Worldwide. The company, over a period of time, has acquired a global leadership position in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes and Auxiliary Equipments for the Cold Rolling Industry and the Metal Processing Industry.
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