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Grindwell Norton rises on inaugurating Paper Maker manufacturing plant in Bengaluru

Grindwell Norton Ltd. | Abrasives | Capital Goods & Industrial Consumables | BSE: 506076 | NSE: GRINDWELL

27 Dec 2022 Evaluate

Grindwell Norton is currently trading at Rs. 1821.75, up by 18.05 points or 1.00% from its previous closing of Rs. 1803.70 on the BSE.

The scrip opened at Rs. 1839.95 and has touched a high and low of Rs. 1839.95 and Rs. 1809.15 respectively. So far 15 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2325.00 on 08-Sep-2022 and a 52 week low of Rs. 1452.80 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1949.70 and Rs. 1797.00 respectively. The current market cap of the company is Rs. 19970.57 crore.

The promoters holding in the company stood at 58.08%, while Institutions and Non-Institutions held 23.10% and 18.81% respectively.

Grindwell Norton (GNO) has commissioned its Paper Maker manufacturing plant in Bengaluru to manufacture paper based abrasive products. Under Atmanirbhar Bharat, the Paper Maker plant’s manufacturing capabilities present a huge opportunity to introduce ‘Make in India’ products that are innovative and have cutting edge technology. This plant will cater to emerging high growth needs in construction, furniture and automotive industries. The plant will enable the Company to provide solutions for high growth market in India, Middle East and ASEAN.

This state-of-the-art plant is equipped with IOT enabled control systems to ensure minimum wastage levels, reduce CO2 emissions, by incorporating Regenerative Thermal Oxidizer and recover heat, improve fuel efficiency and consistency. As a first, it employs women technicians in the operating team, trained in safety, quality, and operational excellence.

Grindwell Norton is India's Leading Manufacturer & Exporter of Abrasives & Silicon Carbide.

Grindwell Norton Share Price

1645.90 -28.85 (-1.72%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Carborundum Univer.	949.05
Grindwell Norton	1645.90
Wendt India	7271.65
John Oakey & Mohan Ltd.
Alirox Abrasives
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Grindwell Norton rises on inaugurating Paper Maker manufacturing plant in Bengaluru

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