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Indian Wood Products rises on commencing trail of commercial production of Premium Katha

12 Jul 2019 Evaluate

The Indian Wood Products Company is currently trading at Rs. 67.00, up by 0.10 points or 0.15% from its previous closing of Rs. 66.90 on the BSE.

The scrip opened at Rs. 69.60 and has touched a high and low of Rs. 69.60 and Rs. 67.00 respectively.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.65 on 12-Mar-2019 and a 52 week low of Rs. 58.00 on 12-Jun-2019.

Last one week high and low of the scrip stood at Rs. 69.60 and Rs. 64.90 respectively. The current market cap of the company is Rs. 428.62 crore.

The promoters holding in the company stood at 70.16%, while Institutions and Non-Institutions held 0.63% and 29.22% respectively.

The Indian Wood Products Company (IWP) has commenced the trail of commercial production of Premium Katha at IWP's Jammu & Kashmir Plant from July 11, 2019.

The availability of better quality of khair timber in J&K will enable company to produce higher quality of Katha and increase market share in the Premium Katha segment.  Surplus Katha Liquor produced in J&K will be utilized in production at Baroda & Kundli units to improve the quality of Katha and also result in higher utilization of production capacity.

As per the License to Establish and Operate issued by the Conservator of Forest, East Circle, Jammu, IWP was required to commence the operation of plant within one year. IWP has fulfilled the license commitment within the deadline. The License is valid up to September 6, 2020.

The Indian Wood Products Company is engaged in the manufacture of Katha, cutch, and catechins in India.

The Indian Wood Pro. Share Price

34.45 1.70 (5.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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