BASF India advances on inaugurating concrete admixtures production plant at Kharagpur

31 May 2016

BASF India is currently trading at Rs. 968.50, up by 6.80 points or 0.71% from its previous closing of Rs. 961.70 on the BSE.

The scrip opened at Rs. 967.45 and has touched a high and low of Rs. 973.00 and Rs. 964.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1416.00 on 10-Aug-2015 and a 52 week low of Rs. 699.90 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 983.80 and Rs. 925.00 respectively. The current market cap of the company is Rs. 4,192.00 crore.

The promoters holding in the company stood at 73.33% while Institutions and Non-Institutions held 5.85% and 20.82% respectively.

BASF India has inaugurated new concrete admixtures production plant at Kharagpur in West Bengal. At the new plant, the company is producing standard and custom-made performance-based construction chemicals under the Master Builders Solutions brand, which include concrete admixtures products as well as chemical solutions for underground construction under ‘MasterRoc’ product brand. The plant will also have a concrete lab that will deliver tailor-made recipes.

This is the company’s sixth construction chemicals plant in the country and with this it will meet the increasing demands for high quality construction chemicals projects in the eastern part of India.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties. BASF India operates as a subsidiary of BASF SE.

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