NCL Industries spikes up on plans of setting up ready-mix concrete plants

16 Aug 2011

NCL Industries is currently trading at Rs 38.00, up by 2.90 points or 8.26% from its previous closing of Rs 35.10 on the BSE.

The scrip opened at Rs 37.00 and has touched a high and low of Rs 39.50 and Rs 37.00 respectively. So far 42946 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 39.60 on 01-Jun-2011 and a 52 week low of Rs 23.30 on 14-Feb-2011.

Last one week high and low of the scrip stood at Rs 39.50 and Rs. 32.50 respectively. The current market cap of the company is Rs. 122.63 crore.

The promoters holding in the company stood at 46.15% while Institutions and Non-Institutions held 0.04% and 53.81% respectively.

NCL Industries has received an approval for the proposal to setup ready-mix concrete plants in Andhra Pradesh. The company has received board approval at its meeting held on August 12, 2011.

Earlier, NCL Industries had received its board’s approval for the proposal for taking up projects for construction of Prefab structures in joint venture (JV) with VST - ERBUNDSCHALUNGSTECHNIK GmbH (Austria) pursuant to the JV & shareholders’ agreement. These projects would be taken up by NCL-VST Infra which had been formed for this purpose. The board gave its approval at its meeting held on January 31, 2011.

NCL Industries engages in the manufacture and sale of various building materials in India. It operates in four divisions: Cement, Boards, Prefab, and Energy.

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