Century Plyboards zooms on securing Khidderpore Docks contract
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Century Plyboards (India) is currently trading at Rs. 605.20, up by 15.10 points or 2.56% from its previous closing of Rs. 590.10 on the BSE.
The scrip opened at Rs. 605.95 and has touched a high and low of Rs. 615.60 and Rs. 599.50 respectively. So far 13668 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 714.95 on 18-Nov-2021 and a 52 week low of Rs. 255.50 on 01-Feb-2021.
Last one week high and low of the scrip stood at Rs. 623.15 and Rs. 578.25 respectively. The current market cap of the company is Rs. 13498.12 crore.
The promoters holding in the company stood at 73.04%, while Institutions and Non-Institutions held 18.67% and 8.29% respectively.
Century Plyboards (India) has bagged a contract to modernise and mechanise a cluster of six berths in Kolkata’s Khidderpore Docks on a build-operate-own-transfer basis. Once fully operational, these berths under KPD -1 (West), will create additional port capacity in eastern India by installing mechanised systems to handle containers as well as clean bulk cargo
The project will be the first instance of a public-private-partnership in Kolkata Dock System. Once formalised, the company is going to have a 30-year contract to run the operation on a build-operate-own-transfer basis. The contract envisages equipping the berths to handle 330,000 containers and 650,000 tonne of cargo per annum in two phases. The project cost is pegged at around Rs 200 crore.
Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
