Rubfila International surges on getting nod for expansion plans in Tamil Nadu

05 Feb 2019

Rubfila International is currently trading at Rs. 38.45, up by 2.15 points or 5.92% from its previous closing of Rs. 36.30 on the BSE.

The scrip opened at Rs. 36.50 and has touched a high and low of Rs. 38.50 and Rs. 36.35 respectively. So far 9401 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 90.00 on 09-Apr-2018 and a 52 week low of Rs. 36.00 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 40.70 and Rs. 36.00 respectively. The current market cap of the company is Rs. 180.61 crore.

The promoters holding in the company stood at 57.03%, while Institutions and Non-Institutions held 0.14% and 42.83% respectively.

Rubfila International has received an approval for expansion plans making use of the land, building and other assets purchased by the company at Swaminathapuram, Dindigul District, Tamil Nadu. The expansion plans include six production lines for the manufacturing of Latex Rubber Thread with an installed capacity of 15000 MT per annum in a phased manner and foray into the manufacturing of Paper with an installed capacity of 20000 MT per annum.

The Board of Directors of the company at their meeting held on February 01, 2019, approved the same.

Rubfila International produces adhesives suitable for various industry segments like leather and footwear, tyre Re- treading ,wood, rexin and foam, automotive, to name a few.

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