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Gravita surges on commencing production of Red Lead Oxide at Jaipur facility

05 Jan 2018 Evaluate

Gravita India is currently trading at Rs. 174.40, up by 8.50 points or 5.12% from its previous closing of Rs. 165.90 on the BSE.

The scrip opened at Rs. 167.05 and has touched a high and low of Rs. 179.00 and Rs. 165.80 respectively. So far 2,37,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.00 on 05-Jan-2017 and a 52 week low of Rs. 39.30 on 09-Jan-2017.

Last one week high and low of the scrip stood at Rs. 179.00 and Rs. 155.20 respectively. The current market cap of the company is Rs. 1,201.64 crore.

The promoters holding in the company stood at 72.81%, while Institutions and Non-Institutions held 2.00% and 25.19% respectively.

Gravita India has started commercial production of Lead Tetra Oxide (commercially known as Red Lead Oxide) by installing new state of art continuous process production plant at its Jaipur unit with a capacity of 7500 MTPA. The production of Red Lead Oxide is a value added product and it will help company to cater new segments like ceramic tiles, crystal glass, anti-corrosive paints and inverter & solar batteries.

The company has made an investment of approximately Rs 183 lakh for procuring and commissioning of this New Modern Plant which is invested from internal accruals of the company.

Gravita is a public listed company and has carved a niche for itself, in the field of recycling in a very short span of time.


Gravita India Share Price

1649.35 9.55 (0.58%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
View more..

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