Vipul Organics advances on getting ‘Consent to Operate’ from MPCB for Tarapur factory

03 Jan 2020 Evaluate

Vipul Organics is currently trading at Rs. 139.90, up by 0.80 points or 0.58% from its previous closing of Rs. 139.10 on the BSE.

The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 144.00 and Rs. 138.00 respectively. So far 1686 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.70 on 10-Jan-2019 and a 52 week low of Rs. 97.50 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 144.00 and Rs. 129.20 respectively. The current market cap of the company is Rs. 108.07 crore.

The promoters holding in the company stood at 54.51%, while Institutions and Non-Institutions held 0.25% and 45.24% respectively.

Vipul Organics has received ‘Consent to Operate’ from Maharashtra Pollution Board (MPCB) on December 30, 2019 for its new Factory at Tarapur, District - Palghar. This consent is for the manufacturing of Synthetic Organic Dyestuffs, Pigment Powder and Pigment Dispersions and Intermediates for Dyes and Pigments, is valid for a period of 5 years.

With the commencement of production facility at this new Factory, the company shall be expanding its overall capacity for Dyestuffs and Organic Pigmients. This new facility is having State-of-Art equipment, complete Automation, Well-equipped Laboratory, etc.

The Company is commencing the production of Pigment Dispersion with immediate effect and will commence production of other products such as Dyestuffs and Pigments, etc. from January 16, 2020.

Vipul Organics is a manufacturer & exporter of dyestuffs like Napthol, Naphthol, Fast Bases, Fast Colour Bases, Fast Colour Salts, Fast Salts, Fast Black, etc.

Vipul Organics Share Price

163.55 0.60 (0.37%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Sudarshan Chemicals 610.00
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Shree Pushkar Chem 159.90
Kiri Industries 303.40
Bhageria Industries 146.00
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