PCBL jumps on commissioning first phase of specialty chemicals capacity expansion at Mundra

PCBL is currently trading at Rs. 175.70, up by 12.70 points or 7.79% from its previous closing of Rs. 163.00 on the BSE.

The scrip opened at Rs. 166.95 and has touched a high and low of Rs. 178.25 and Rs. 166.60 respectively. So far 392911 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 178.25 on 11-Jul-2023 and a 52 week low of Rs. 105.00 on 11-Jul-2022.

Last one week high and low of the scrip stood at Rs. 178.25 and Rs. 159.05 respectively. The current market cap of the company is Rs. 6599.93 crore.

The promoters holding in the company stood at 51.41%, while Institutions and Non-Institutions held 15.74% and 32.86% respectively.

PCBL has commissioned the first phase of its specialty chemicals capacity expansion at Mundra, Gujarat on July 10, 2023. The newly commissioned phase, boasting a capacity of 20,000 metric tons per annum (MTPA), marks a significant milestone for PCBL’s journey towards going up the value chain. Upon completion, PCBL will have a specialty chemicals production capacity of 40,000 MTPA at its Mundra plant. This enhanced capacity will enable PCBL to meet the growing demands of its existing customers, enhance customer serviceability and also explore new opportunities.

PCBL is primarily engaged in the business of manufacturing & sale of carbon black and sale of power.

Check Also

Indian Hume Pipe Company shines on receiving Letter of Award worth Rs 639.16 crore

Indian Hume Pipe Company is currently trading at Rs. 287.70, up by 15.90 points or …

Leave a Reply

Your email address will not be published. Required fields are marked *