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Balasore Alloys strengthens on commencing commercial production at Sukinda Unit

16 Sep 2016 Evaluate

Balasore Alloys is currently trading at Rs. 21.60, up by 0.15 points or 0.70% from its previous closing of Rs. 21.45 on the BSE.

The scrip opened at Rs. 21.70 and has touched a high and low of Rs. 21.80 and Rs. 21.25 respectively. So far 43,000 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 5 has touched a 52 week high of Rs. 25.00 on 29-Dec-2015 and a 52 week low of Rs. 14.45 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs. 21.85 and Rs. 21.00 respectively. The current market cap of the company is Rs. 153.12 crore.

The promoters holding in the company stood at 56.45%, while Institutions and Non-Institutions held 2.92% and 40.62% respectively.

Balasore Alloys has commenced the commercial production at its Sukinda Unit (acquired from Jabamayee Ferro Alloys as a going concern on a slump sale basis) with effect from September 15, 2016. The said unit is located at Tehsil Sukinda, Village & Mouza - Nijagarh, P.S. Sukinda, Jajpur district in state of Odisha. The Sukinda Unit of the company has the installed capacity of production of 15,660 MT per annum.

Balasore Alloys is an India-based company, which is engaged in the manufacturing/mining of Ferro chrome/Ferro alloys. The company has approximately five furnaces with total capacity of approximately 60 (megavolt ampere) MVA to produce approximately 95,000 metric tons (MT) of Ferro alloys per annum.


Balasore Alloys Share Price

6.29 0.00 (0.00%)
13-Dec-2021 18:01 View Price Chart
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