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Meghmani Organics trades in green as its arm commences commercial production

21 Jan 2014 Evaluate

Meghmani Organics is currently trading at Rs 8.65, up by 0.05 points or 0.58% from its previous closing of Rs 8.60 on the BSE.

The scrip opened at Rs. 8.74 and has touched a high and low of Rs. 8.74 and Rs. 8.51 respectively. So far 15515 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.25 on 30-Dec-2013 and a 52 week low of Rs. 3.76 on 03-Jul-2013.

Last one week high and low of the scrip stood at Rs. 9.40 and Rs. 8.51 respectively. The current market cap of the company is Rs. 218.46 crore.

The promoters holding in the company stood at 50.44%, while Institutions and Non-Institutions held 1.09% and 28.32% respectively.

Meghmani Finechem (MFL) a subsidiary of Meghmani Organics (MOL) has commenced commercial production of expanded Capacity of Caustic Chlorine to 476 TPD and Captive Power plant at GIDC Dahej to 60 MW capacities on January 20, 2014. As a result in full year of operation of FY 2014-15 MFL will earn estimated revenue of Rs 475 crore and Profit before Tax (PBT) of Rs 75 crore.

Meghmani Organics (MOL) holds 57% of Equity Shares of MFL. MFL on January 6, 2014 had completed expansion of manufacturing capacity of Caustic Chlorine from 340 TPD to 476 TPD and Captive power plant capacity from 40 MW to 60 MW.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

 

Meghmani Org-Amal Share Price

64.05 0.00 (0.00%)
17-May-2021 18:01 View Price Chart
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