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Meghmani Organics surges as its arm commences production of Caustic Potash at GIDC Dahej

22 Apr 2016 Evaluate

Meghmani Organics is currently trading at Rs. 27.40, up by 0.45 points or 1.67% from its previous closing of Rs. 26.95 on the BSE.

The scrip opened at Rs. 26.85 and has touched a high and low of Rs. 27.85 and Rs. 26.55 respectively. So far 314615 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 28.60 on 13-Apr-2016 and a 52 week low of Rs. 14.50 on 07-May-2015.

Last one week high and low of the scrip stood at Rs. 27.85 and Rs. 26.20 respectively. The current market cap of the company is Rs. 676.48 crore.

The promoters holding in the company stood at 50.52% while Institutions and Non-Institutions held 1.12% and 48.37% respectively.

Meghmani Organics’ subsidiary -- Meghmani Finechem (MFL) has commenced commercial production of Caustic Potash-Flake (KOH) of 60 Mt per day at its existing manufacturing facility situated at Plot No. CH 1- CH2, GIDC Dahej, Bharuch.

MFL has successfully commissioned the KOH project within the estimated project cost of Rs 65 crore. The cost of the project has been funded from internal accrual. As a result in full year of operation of FY 2016-17 MFL will earn additional revenue of about Rs 125 crore and Profit before Tax (PBT) of Rs 20 crore.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Meghmani Org-Amal Share Price

64.05 0.00 (0.00%)
17-May-2021 18:01 View Price Chart
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