KIC Metaliks is currently trading at Rs. 148.90, up by 2.90 points or 1.99% from its previous closing of Rs. 146.00 on the BSE.
The scrip opened at Rs. 148.90 and has touched a high and low of Rs. 148.90 and Rs. 148.80 respectively. So far 7,200 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.75 on 06-Oct-2017 and a 52 week low of Rs. 110.75 on 22-Aug-2017.
Last one week high and low of the scrip stood at Rs. 152.50 and Rs. 144.50 respectively. The current market cap of the company is Rs. 105.71 crore.
The promoters holding in the company stood at 58.28%, while Non-Institutions held 41.72% respectively.
KIC Metaliks has received an approval for expansion cum modernization of company’s existing Pig Iron Plant by installation of Pulverized coal injection (PCI) system for the existing Mini Blast Furnace (MBF), along with installation of Nitrogen Plant and Oxygen Plant. To increase the sinter feed in the MBF, a 25 square meter Annual Sinter Plant will also be installed.
The proposed project is expected to reduce the coke rate consumption resulting in reduction of cost of production coupled with an increase in the production capacity of the existing MBF from 1,65,000 MTPA to 2,35,000 MTPA.
The proposed project is expected to be completed in a period of 12 months with a capital outlay of approximately Rs 68 crore which will be funded through debt and internal accruals.
KIC Metaliks is an India-based pig iron manufacturing company. The company is engaged in offering steel, coke and coal. The company is engaged in manufacturing foundry grade and basic grade pig iron and Portland slag cement.
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| Steel Exchange India | 8.96 |
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