Essel Propack is currently trading at Rs. 105.00, up by 1.45 points or 1.40 % from its previous closing of Rs. 103.55 on the BSE.
The scrip opened at Rs. 108.75 and has touched a high and low of Rs. 109.50 and Rs. 104.55 respectively. So far 20316 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 158.50 on 20-Nov-2017 and a 52 week low of Rs. 102.50 on 17-Jul-2018.
Last one week high and low of the scrip stood at Rs. 112.50 and Rs. 103.10 respectively. The current market cap of the company is Rs. 3322.82 crore.
The promoters holding in the company stood at 57.19%, while Institutions and Non-Institutions held 20.18% and 22.63% respectively.
Essel Propack has successfully commenced the first phase of commercial production of laminated tubes from July 23, 2018 at it’s newly set-up unit in district Kamrup in the state of Assam. The size of investment in phase-I is over Rs 60 crore.
Spread across 70,000 sq ft, this Greenfield investment by Essel Prepack is planned for production of 750 million laminated tubes per annum when it is fully completed. In the first phase, the facility is equipped to produce 200 million tubes per annum and will ramp up to 750 million tubes over a span of 18 months. The new unit will augment the capacity, making the unit a strategic sourcing site for its Customers who have their presence in the north east of India.
Essel Propack is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products.
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