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05-Apr2018

Bhansali Engineering Polymers touches roof on expanding ABS capacity to 100 KTPA

Bhansali Engineering Polymers is currently trading at its upper circuit limit of Rs. 201.35, up by 9.55 points or 4.98% from its previous closing of Rs. 191.80 on the BSE.

The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 201.35 and Rs. 196.50 respectively. So far 611039 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 217.40 on 16-Jan-2018 and a 52 week low of Rs. 34.25 on 06-Apr-2017.

Last one week high and low of the scrip stood at Rs. 201.35 and Rs. 172.60 respectively. The current market cap of the company is Rs. 3303.18 crore.

The promoters holding in the company stood at 54.69%, while Institutions and Non-Institutions held 2.24% and 43.06% respectively.

Bhansali Engineering Polymers has successfully implemented the ABS capacity expansion plan from 80 KTPA to 100 KTPA at its Abu Road Unit within the envisaged cost and time frame i.e. Rs 20 crore and March 31, 2018, respectively. The cost of aforesaid expansion has been financed through internal accruals of the company, while it continues to maintain its status as a Zero Debt entity.

Bhansali Engineering Polymers is a vertically integrated petrochemical company that manufactures ABS, which acts as a raw material for leading companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications.


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