IFGL Refractories is currently trading at Rs. 137.50, up by 3.90 points or 2.92% from its previous closing of Rs. 133.60 on the BSE.
The scrip opened at Rs. 134.65 and has touched a high and low of Rs. 138.70 and Rs. 133.00 respectively. So far 11830 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.25 on 09-Sep-2014 and a 52 week low of Rs. 57.00 on 07-Apr-2014.
Last one week high and low of the scrip stood at Rs. 138.70 and Rs. 112.50 respectively. The current market cap of the company is Rs. 475.55 crore.
The promoters holding in the company stood at 71.30% while Institutions and Non-Institutions held 2.80% and 25.90% respectively.
IFGL Refractories’ US subsidiary, El Ceramics LLC has completed initial expansion of its manufacturing facilities in Sharonville and Fairfield Ohio in December 2014. This has resulted in a capacity increase to the main line Sharonville ISO Plant from previous 85,000 pcs per annum to a new current level of 126,000 pcs per annum.
Also, in Fairfield the installation of a completely new plant for the manufacture of the Clay graphite foundry stoppers with a capacity of 10,000 pcs per annum. Total capital expenditure for the project has been partly financed through internal accruals and partly by loan from a bank.
IFGL Refractories is the flagship company of S K Bajoria Group. It is engaged in the manufacture of specialized refractories and requisite operating systems for the Steel Industry.
| Company Name | CMP |
|---|---|
| RHI Magnesita | 401.95 |
| Vesuvius India | 499.65 |
| IFGL Refractories | 181.60 |
| Orient Ceratech | 43.25 |
| Foseco Crucible Ind | 1526.25 |
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