Dhunseri Petrochem & Tea is currently trading at Rs 106.25, up by 2.30 points or 2.21% from its previous closing of Rs 103.95 on the BSE.
The scrip opened at Rs 105.30 and has touched a high and low of Rs 109.95 and Rs 105.30 respectively. So far 2022 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 131.10 on 09-Oct-2012 and a 52 week low of Rs 100.55 on 04-Jun-2012.
Last one week high and low of the scrip stood at Rs 114.50 and Rs 101.00 respectively. The current market cap of the company is Rs 372.14 crore.
The promoters holding in the company stood at 67.13% while Institutions and Non-Institutions held 15.30% and 17.57% respectively.
Dhunseri Petrochem & Tea plans to commission its downstream petrochemicals facility in Egypt by July this year. The Egyptian project will be operational in two phases out of which first phases will be operational in July this year with the capacity of 215,000 tonnes, while the second phase with similar capacity is expected to be ready around August this year. The company has invested Rs 900 crore to set up the Egypt unit.
The Egypt facility is likely to help the company cater Africa, Europe and the US market. The project has been already delayed due to the civil unrest in the region followed by a delay in supply of product lines from India. However, the delay has not had any major impact on the project cost.
Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.
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