Indo Borax shines on plan to restart production activity at Pithampur plant

06 Jan 2017

Indo Borax & Chemicals is currently trading at Rs. 260.00, up by 9.90 points or 3.96% from its previous closing of Rs. 250.10 on the BSE.

The scrip opened at Rs. 259.75 and has touched a high and low of Rs. 267.30 and Rs. 252.55 respectively. So far 1138 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 401.00 on 11-Jul-2016 and a 52 week low of Rs. 211.50 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 267.30 and Rs. 225.00 respectively. The current market cap of the company is Rs. 81.28 crore.

The promoters holding in the company stood at 55.42%, while institutions and non-institutions held 0.11% and 44.47% respectively.

Indo Borax & Chemicals will restart production activity at its Pithampur plant from January 06, 2017. Earlier, the company had shut down its plant on December 20, 2016 for clearance of inventory.

Indo Borax operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. Situated near the commercially important town of Indore in the heart of the country, the plant is well connected by an efficient transport network to all parts of India.

Related Indo Borax & Chemicals Ltd. Links:

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