Tamilnadu Petroproducts shines on inking MoS with workmen of LAB and ECH divisions

13 Aug 2013

Tamilnadu Petroproducts is currently trading at Rs. 9.20, up by 0.17 points or 1.88% from its previous closing of Rs. 9.03 on the BSE.

The scrip opened at Rs. 9.40 and has touched a high and low of Rs. 9.40 and Rs. 8.96 respectively. So far 1,542 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.00 on 13-Aug-2012 and a 52 week low of Rs. 8.05 on 19-Jul-2013.

Last one week high and low of the scrip stood at Rs. 9.80 and Rs. 8.52 respectively. The current market cap of the company is Rs. 82 crore.

The promoters holding in the company stood at 34.54% while Institutions and Non-Institutions held 4.99% and 60.47% respectively.

Tamilnadu Petroproducts has signed Memorandum of Settlement (MoS) under Section 18(1) of Industrial Disputes Act, 1947 with the workmen of LAB and ECH divisions of the Company for the period from January 01, 2005 to June 30, 2014.

Tamilnadu Petroproducts (TPL), a corporate star, was established in the year 1984 with the objective of setting up a 50,000 MTA Linear Alkyl Benzene (LAB) project. TPL has since imprinted winning hallmarks successively over the years in corporate India and the petrochemical industry in particular

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