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VHCL Industries shines on bagging export order worth Rs 30 crore

11 Mar 2015 Evaluate

VHCL Industries is currently trading at Rs. 6.98, up by 0.22 points or 3.25% from its previous closing of Rs. 6.76 on the BSE.

The scrip opened at Rs. 7.38 and has touched a high and low of Rs. 7.38 and Rs. 6.60 respectively. So far 5802 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 25.00 on 11-Mar-2014 and a 52 week low of Rs. 4.31 on 07-Nov-2014.

Last one week high and low of the scrip stood at Rs. 7.38 and Rs. 5.86 respectively. The current market cap of the company is Rs. 46.98 crore.

The promoters holding in the company stood at 35.55% while Non-Institutions held 64.44% stake in the company.

VHCL Industries has received an export order worth Rs 30 crore from an overseas customer for supply of ‘Specialty Plastic Recycled Granules’. These granules have been developed to enhance product performance while reducing cost for the end user.

The company is in process of developing new markets in order to fulfill its growth vision and achieve sales targets to widen business activities which will be worthwhile to all stakeholders of the company.

VHCL Industries is currently involved primarily in the polymer business-Plastic Recycling. The company is the market leader in this field, being the single largest polymer recycling company.

 

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