Gujarat Toolroom touches roof on acquiring 6 hectares of mines in Zambia

02 Jan 2024 Evaluate

Gujarat Toolroom is currently trading at its upper limit of Rs. 51.64, up by 2.45 points or 4.98% from its previous closing of Rs. 49.19 on the BSE.

The scrip opened at Rs. 51.64 and has touched a high and low of Rs. 51.64 and Rs. 51.64 respectively. So far 268598 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 60.32 on 14-Dec-2023 and a 52 week low of Rs. 8.58 on 24-Jan-2023.

Last one week high and low of the scrip stood at Rs. 51.64 and Rs. 45.95 respectively. The current market cap of the company is Rs. 286.88 crore.

The promoters holding in the company stood at 0.37%, while Institutions and Non-Institutions held 0.28% and 99.36% respectively.

Gujarat Toolroom (GTL) has acquired 6 hectares of mines in Zambia, marking a significant stride in its pursuit of sustainable growth. These newly acquired mines boast a rich reservoir of valuable resources, including copper, cobalt, gold, nickel, manganese, emeralds, beryllium, various gemstones, sulphur, zine, coal, iron ore, steel, limestone, uranium, and other platinum-group metals. The strategic location and resource abundance of these mines position GTL for substantial success in the mining sector.

GTL envisions each hectare of these mines, equipped with state-of-the-art Japanese technology, yielding an estimated annual revenue ranging from 15 to 20 million dollars. With a cumulative expanse of 6 hectares, the company confidently anticipates a minimum annual revenue of Rs 700 crore upon the operational commencement of these mines in the upcoming quarter.

Gujarat Toolroom specializes in building high production multi-cavity moulds. The company offers a complete moulding solution to its customers. They can conduct trials and pilot runs of moulds develoiped by them. They have a range of CNC moulding machines and supply finished plastic moulded precision parts at very competitive rates. 

Guj. Toolroom Share Price

27.99 -1.47 (-4.99%)
26-Apr-2024 16:01 View Price Chart
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