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Ballarpur Industries gains as Telangana government extends subsidy of Rs 30 crore

17 Dec 2015 Evaluate

Ballarpur Industries is currently trading at Rs. 17.60, up by 0.70 points or 4.14% from its previous closing of Rs. 16.90 on the BSE.

The scrip opened at Rs. 17.15 and has touched a high and low of Rs. 17.85 and Rs. 17.00 respectively. So far 4,91,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 19.58 on 29-Oct-2015 and a 52 week low of Rs. 12.00 on 26-Jun-2015.

Last one week high and low of the scrip stood at Rs. 18.45 and Rs. 16.50 respectively. The current market cap of the company is Rs. 1,140.00 crore.

The promoters holding in the company stood at 49.43% while Institutions and Non-Institutions held 29.96% and 20.62% respectively.

The Telangana government has agreed to extend subsidy of Rs 30 crore per annum for seven years to Ballarpur Industries to restart operations at its Kamalapuram unit in the Warangal district. This includes a subsidy of Rs 9 crore per annum on supply of power and Rs 21 crore subsidy per annum on wood pulp.

The paper maker had temporarily shut down its unit due to adverse global and Indian market conditions for Rayon grade pulp and Viscose staple fibre, manufactured at the plant.

Ballarpur Industries is engaged in manufacturing of wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper.


Ballarpur Inds. Share Price

0.89 0.00 (0.00%)
22-Jun-2023 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
View more..

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