Ingersoll-Rand (India) is currently trading at Rs. 1003.00, up by 9.05 points or 0.91% from its previous closing of Rs. 993.95 on the BSE.
The scrip opened at Rs. 998.70 and has touched a high and low of Rs. 1009.25 and Rs. 995.00 respectively. So far 757 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1107.80 on 13-Mar-2015 and a 52 week low of Rs. 420.00 on 16-Apr-2014.
Last one week high and low of the scrip stood at Rs. 1036.25 and Rs. 962.25 respectively. The current market cap of the company is Rs. 3149.86 crore.
The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 8.52% and 17.49% respectively.
Ingersoll Rand India is planning to focus on a PPP model where it will allocate resources in education, sustainability, healthcare-sanitation, skill-development and livelihoods as part of its Corporate Social Responsibility (CSR) spend mandated by the Companies Act, 2013. In this regard, the company will take up direct interventional project in Karnataka, Tamil Nadu, Gujarat and Delhi.
PPP partners are Shankar Netralaya (health care), Habitat for Humanity (sanitation-sustainability), Agasthya Foundation and Akshya Patra for both (live hood and education sectors). The company during financial year (FY) spent Rs 2 crore and now for next FY is aiming to spend Rs 2.5 crore.
Ingersoll-Rand (India) manufactures air compressors of various capacities for the domestic and export markets. The company derives revenue from sale of reciprocating, rotary, and centrifugal compressors and spares in the domestic market, and from exports to parent and group companies.
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