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Akzo Nobel trades higher on the BSE

28 Oct 2013 Evaluate

Akzo Nobel India is currently trading at Rs. 904.45, up by 3.20 points or 0.36% from its previous closing of Rs. 901.25 on the BSE.

The scrip opened at Rs. 901.00 and has touched a high and low of Rs. 909.60 and Rs. 900.00 respectively. So far 697 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1195.70 on 21-May-2013 and a 52 week low of Rs. 750.00 on 05-Sep-2013.

Last one week high and low of the scrip stood at Rs. 915.80 and Rs. 851.00 respectively. The current market cap of the company is Rs. 4220.19 crore.

The promoters holding in the company stood at 72.96% while Institutions and Non-Institutions held 12.56% and 14.48% respectively.

Akzo Nobel has strengthened its manufacturing footprint in India by opening a new Rs 140 crore, decorative paints plant at Gwalior, which will have an annual capacity of 55 million litres. The eco-efficient Greenfield facility - AkzoNobel's sixth factory in India - will supply a range of decorative paints and create improved distribution channels for the popular Dulux brand. The new site will also help speed up transportation times and reduce the cost of logistics.

The factory has been built on 9,000m2 of land, with a greenbelt area of 9,000m2, while sufficient infrastructure is in place to support future expansion plans. Provision has also been made to accommodate key suppliers, allowing for a smoother manufacturing process. Special sustainability features include rainwater harvesting and energy efficient pumping systems, while 20% of the roofing area allows natural daylight to flood in, reducing the need for artificial lighting.

Akzo Nobel India (formerly ICI India) is engaged in manufacturing and marketing of paints, speciality chemicals, adhesives and starch. The company’s origin goes way back in 1926 when Brunner Mond & Co, one of the four companies was combined to form ICI in UK. This company operated as a trading office in Calcutta to sell alkalis and dyes.

 

JSW Dulux Share Price

2964.20 -26.25 (-0.88%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2529.45
Berger Paints India 487.55
Kansai Nerolac Paint 211.55
JSW Dulux 2964.20
Indigo Paints 924.00
View more..

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