Bhansali Engineering zooms on receiving consent for expansion of High Rubber Graft – HRG

Bhansali Engineering Polymers is currently trading at Rs. 138.70, up by 7.65 points or 5.84% from its previous closing of Rs. 131.05 on the BSE.

Bhansali Engineering
Bhansali Engineering

The scrip opened at Rs. 137.50 and has touched a high and low of Rs. 142.00 and Rs. 136.35 respectively. So far 157434 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 221.80 on 13-Oct-2021 and a 52 week low of Rs. 122.25 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 130.00 respectively. The current market cap of the company is Rs. 2299.45 crore.

The promoters holding in the company stood at 56.45%, while Institutions and Non-Institutions held 1.56% and 41.99% respectively.

Bhansali Engineering Polymers has received Consent to Establish (Consent Order) from the M.P. Pollution Control Board, for Expansion of High Rubber Graft – HRG (Rubber Rich Acrylonitrile Butadiene Styrene) from 15000 TPA to 50000 TPA for company’s Satnoor Plant located at Bhansali Nagar, Taluka Sausar, District Chhindwara, Madhya Pradesh.

Bhansali Engineering Polymers (BEPL) is a leading name in the petrochemical sector in India. BEPL is a vertically integrated petrochemical company that is into manufacturing of ABS (Acrylonitrile Butadiene Styrene) — a raw material used extensively across industries like automobiles, home appliances, telecommunications, luggage and other sectors.

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