Pondy Oxides spurts on commencing trial operations at new smelter plant in AP

27 Apr 2015

Pondy Oxides & Chemicals is currently trading at Rs. 54.95, up by 2.15 points or 4.07 % from its previous closing of Rs. 52.80 on the BSE.

The scrip opened at Rs. 53.90 and has touched a high and low of Rs. 55.40 and Rs. 51.80 respectively. So far 18372 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.55 on 17-Mar-2015 and a 52 week low of Rs. 21.65 on 02-Jun-2014.

Last one week high and low of the scrip stood at Rs. 56.40 and Rs. 51.55 respectively. The current market cap of the company is Rs. 29.02 crore.

The promoters holding in the company stood at 51.99 % while Institutions and Non-Institutions held NA % and 48.01 % respectively.

Chennai-based Pondy Oxides and Chemicals has commenced trial operations at its new smelter plant in Andhra Pradesh (AP) for manufacturing lead and lead alloys. The new plant has an installed capacity of 36,000 mt per annum. The new smelter plant would meet the additional market demand, both domestic and international, and was part of its continued efforts to keep abreast with the growing demand of its customers and emerging new markets.

Pondy Oxides manufactures lead and lead alloys and PVC additives for supply to battery makers, chemical manufacturers and PVC makers. About 50 per cent of its production is exported to customers in South Korea, Japan, Indonesia and to West Asia, along with other countries.

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