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Manali Petrochemicals rises on inking MoU with Tamil Nadu Government

14 Sep 2015 Evaluate

Manali Petrochemicals is currently trading at Rs. 22.95, up by 0.40 points or 1.77% from its previous closing of Rs. 22.55 on the BSE.

The scrip opened at Rs. 23.40 and has touched a high and low of Rs. 23.40 and Rs. 22.85 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 37.20 on 05-Aug-2015 and a 52 week low of Rs. 12.95 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 24.15 and Rs. 20.95 respectively. The current market cap of the company is Rs. 395.00 crore.

The promoters holding in the company stood at 44.82% while Institutions and Non-Institutions held 1.54% and 53.64% respectively.

Manali Petrochemicals has entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest upto Rs 500 crore over the next three to five years in projects for expansion of the Polyol capacity and a Power project with the facilitation and support from the Government.

Manali Petrochemicals (MPL) is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols. It markets its Polyols with isocyanates sourced indigenously as well as imported from Japan and China and the pre-polymers produced at MPL in meeting the demand of polyurethane industry in India.


Manali Petro Share Price

55.08 1.43 (2.67%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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