Oriental Carbon & Chemicals gains on commissioning first phase of sulphur project

19 Aug 2011

Oriental Carbon & Chemicals is currently trading at Rs 116.40, up by 1.15 points or 1.00% from its previous closing of Rs 115.25 on the BSE.

The scrip opened at Rs 114.00 and has touched a high and low of Rs 116.40 and Rs 113.00 respectively. So far 168 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 158.00 on 08-Nov-2010 and a 52 week low of Rs 100.05 on 28-Feb-2011.

Last one week high and low of the scrip stood at Rs 120.85 and Rs 113.00 respectively. The current market cap of the company is Rs 118.66 crore.

The promoters holding in the company stood at 56.13% while Institutions and Non-Institutions held 9.43% and 34.44% respectively.

Oriental Carbon & Chemicals has commissioned its first phase of 5500 mtpa of the 11000 mtpa project for production of insoluble sulphur at Special Economic Zone (SEZ) at Mundra, Gujarat on August 17, 2011.

Oriental Carbon and Chemicals (OCCL) produces wide range of insoluble sulfur grades (Including Pre-dispersed & Master batches), which are being widely exported to leading tyre companies around the world. In India OCCL is the undisputed leader with major market share.

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