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Eon Electric shines on plan to establish Rs 100 crore battery plant

17 Apr 2012 Evaluate

Eon Electric is currently trading at Rs. 45.15, up by 0.25 points or 0.56% from its previous closing of Rs. 44.90 on the BSE.

The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 48.00 and Rs. 44.70 respectively. So far 7078 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.00 on 18-Apr-2011 and a 52 week low of Rs. 31.50 on 15-Dec-2011.

Last one week high and low of the scrip stood at Rs. 48.00 and Rs. 36.00 respectively. The current market cap of the company is Rs. 76.11 crore.

The promoters holding in the company stood at 49.97% while Institutions and Non-Institutions held 2.05% and 47.98% respectively.  

Eon Electric (formerly Indo Asian Fusegear) is planning to set up plant worth Rs 100 crore for making lithium ion batteries by end of FY12 or in FY13. It is also investing Rs 125 crore to double its capacities of wire and special cables.

Other than this, the company is also introducing energy efficient fans and LED technology in lighting and home automation devices.

The company is  also projecting to close FY 2012-13 with a turnover of Rs 200 crore which is 400% growth on turnover of year 2011-12. Moreover, the company is investing about Rs 125 crore in FY 2012-13 to augment its existing capacities as well as in green field ventures.

Eon Electric Share Price

6.97 0.00 (0.00%)
26-Oct-2020 18:01 View Price Chart
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