Aditya Ispat gains on getting necessary CFO to commence trial production at Unit II

Aditya Ispat is currently trading at Rs. 9.55, up by 0.05 points or 0.53% from its previous closing of Rs. 9.50 on the BSE.

The scrip opened at Rs. 9.55 and has touched a high and low of Rs. 9.55 and Rs. 9.55 respectively. So far 1070 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 15.37 on 12-Oct-2021 and a 52 week low of Rs. 3.65 on 02-Mar-2021.

Last one week high and low of the scrip stood at Rs. 10.62 and Rs. 9.50 respectively. The current market cap of the company is Rs. 5.08 crore.

The promoters holding in the company stood at 24.32%, while Non-Institutions held 75.68%.

Aditya Ispat has received the necessary Consent for Operation (CFO) from the Telangana State Pollution Control Board, Telangana for commencing the operations of UNIT-II at Kamaram Village, Shankarampet (R) Mandal at Medak District, State Telangana for producing steel wire products and fasteners. The approximate production capacity of the Unit-II will be 3000 tons per anum. The company is expected to commence the trial production in Unit-II within this month of December, 2021.

Aditya Ispat is engaged in the business of manufacturing, producing and marketing of mild steel rounds and squares and bright bars.