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Indo Rama jumps on plans to set up 30 MW wind turbine project in Maharashtra

18 Sep 2012

Indo Rama is currently trading at Rs. 20.70, up by 0.80 points or 4.02% from its previous closing of Rs. 19.90 on the BSE.

The scrip opened at Rs. 20.25 and has touched a high and low of Rs. 20.70 and Rs. 20.15 respectively. So far 2212 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.50 on 21-Sep-2011 and a 52 week low of Rs. 19.00 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs. 20.90 and Rs. 19.80 respectively. The current market cap of the company is Rs. 307.44 crore.

The promoters holding in the company stood at 64.10% while Institutions and Non-Institutions held 16.05% and 13.07% respectively.

Indo Rama Synthetics (India), through 100% subsidiary, has entered into a contract for setting up a 30 MW Wind Turbine Project in the State of Maharashtra. This wind turbine project is expected to commence commercial operation by March, 2013.

Indo Rama Synthetics is India’s largest dedicated polyester manufacturer with an integrated manufacturing complex at Butibori near Nagpur, Maharashtra, with capacity of 6,10,050 tonnes per annum of polyester staple fibre, filment yarn, drae texturized yarn, fully drawn yarn and textile grade chips.

Related Indo Rama Synthetics (India) Ltd. Links:

Indo Rama Synth Share Price

50.45 -0.50 (-0.98%) Jun 18, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323