Alkyl Amines Chemicals is currently trading at Rs. 150.00, up by 0.05 points or 0.03% from its previous closing of Rs. 149.95 on the NSE.
The scrip opened at Rs. 150.50 and has touched a high and low of Rs. 154.35 and Rs. 147.00 respectively. So far 1,547 shares were traded on the counter.
The NSE stock of face value Rs. 10 has touched a 52 week high of Rs. 160.00 on 11-Sep-2012 and a 52 week low of Rs. 73.40 on 02-Jan-2012.
The promoters holding in the company stood at 74.19% while Institutions and Non-Institutions held 0.01% and 25.80% respectively.
Alkyl Amines Chemicals is mulling to set up a methylamine manufacturing facility with a capacity of 100 tonne per day entailing an investment of Rs 250 crore at Dahej in Gujarat. The acquisition of land has already taken place and the project is expected to commence production within next three years.
In order to cater to the needs of the pharmaceutical, agrochemical, rubber chemicals and paints and dye industry the company is planning for the expansion by setting up the unit. The company has two manufacturing sites, one at Patalganga and another at Kurkumbh. It had also set up R&D Centre at Pune equipped with advanced equipment and analytical instruments.
Besides, the company’s in-house R&D department has been consistently developing quality products and is also striving for achieving cost efficiencies.
Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical and water treatment industries, among others.
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