CCL Products gains as its arm gets nod to set up 6000 TPA freeze dried coffee manufacturing facility
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CCL Products (India) is currently trading at Rs. 520.70, up by 3.20 points or 0.62% from its previous closing of Rs. 517.50 on the BSE.
The scrip opened at Rs. 516.55 and has touched a high and low of Rs. 527.00 and Rs. 513.55 respectively. So far 6387 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 571.95 on 27-Dec-2022 and a 52 week low of Rs. 315.60 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 539.95 and Rs. 510.00 respectively. The current market cap of the company is Rs. 6917.45 crore.
The promoters holding in the company stood at 46.26%, while Institutions and Non-Institutions held 29.41% and 24.33% respectively.
CCL Products’ wholly owned subsidiary -- Ngon Coffee Company has received approval from board of directors for setting up of 6000 TPA Freeze Dried Coffee Manufacturing Facility within the existing premises at Dak Lak Province, Vietnam at an estimated project cost of $50 million. The board of directors at its meeting held on January 18, 2023 has approved the same.
CCL Products (India) is engaged in the production, trading and distribution of coffee
