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Vardhman Industries spurt on installing second largest integrated manufacturing facility

04 Oct 2012 Evaluate

Vardhman Industries is currently trading at Rs 35.40, up by 2.40 points or 7.27% from its previous closing of Rs 33.00 on the BSE.

The scrip opened at Rs 32.10 and has touched a high and low of Rs 35.40 and Rs 32.10 respectively. So far 2014 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 51.80 on 04-Nov-2011 and a 52 week low of Rs 24.65 on 08-Jun-2012.

Last one week high and low of the scrip stood at Rs 35.40 and Rs 30.45 respectively. The current market cap of the company is Rs 27.63 crore.

The promoters holding in the company stood at 65.29% while Non-Institutions held 34.71% of the stake.

Vardhman Industries - subsidiary - Vallabh Tinplate has setup the second largest integrated manufacturing facility of tinplate and tin mill black plate in the state of Punjab with a capacity of 100,000 TPA. The company has installed latest state of the art plant imported from Germany, South Korea, USA and China. The project has already started commercial operations in the second quarter of financial year 2012-13.

Besides, the project has already been approved as mega project and is eligible for incentives as per Mega Project Scheme of Punjab Government. The company has already inked an MOU with Punjab Government for grant of incentives. The company has already started catering to the demands of oil can sector of domestic market and has future plans to enter in non oil can segments with value added products.

The present size of tinplate market in India is approx 5 lakh TPA, 60% of which is met through domestic production (mainly TCIL) and rest is imported. The company’s products shall be import substitute for Indian Tinplate Market.

Vardhman Industries Share Price

1.52 0.00 (0.00%)
24-Dec-2019 18:01 View Price Chart
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