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Essel Propack spurts on launching new generation extrusion laminator at Vasind plant

08 Jan 2019 Evaluate

Essel Propack is currently trading at Rs. 108.00, up by 1.20 points or 1.12% from its previous closing of Rs. 106.80 on the BSE.

The scrip opened at Rs. 107.60 and has touched a high and low of Rs. 108.00 and Rs. 106.60 respectively. So far 843 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 150.00 on 09-Jan-2018 and a 52 week low of Rs. 85.00 on 28-Nov-2018.

Last one week high and low of the scrip stood at Rs. 114.00 and Rs. 106.00 respectively. The current market cap of the company is Rs. 3383.30 crore.

The promoters holding in the company stood at 57.14%, while Institutions and Non-Institutions held 20.02% and 22.84% respectively.

Essel Propack has launched a new generation extrusion laminator, at its plant in Vasind, Shahapur District. Maharashtra Essel Propack conceptualized, designed and co-developed this with its technology partner, as one more contribution to the 'Green & Sustainable' initiatives of all its stakeholders. The size of investment is around Rs 39 crore. This new addition shall increase the lamination capacity by 25Mn.sq.mtrs from existing 55Mn.sq.mtrs p.a.

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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