320-x-100_uti_gold.jpg" alt="Advertisement">
GMM Pfaudler gains on commencing manufacturing operations at Ahmedabad facility
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
GMM Pfaudler is currently trading at Rs. 5365.65, up by 53.80 points or 1.01% from its previous closing of Rs. 5311.85 on the BSE.
The scrip opened at Rs. 5398.80 and has touched a high and low of Rs. 5418.00 and Rs. 5325.00 respectively. So far 3072 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6913.85 on 12-Aug-2020 and a 52 week low of Rs. 3316.00 on 09-Nov-2020.
Last one week high and low of the scrip stood at Rs. 5435.00 and Rs. 4769.05 respectively. The current market cap of the company is Rs. 7864.14 crore.
The promoters holding in the company stood at 54.95%, while Institutions and Non-Institutions held 15.43% and 29.62% respectively.
GMM Pfaudler has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021. The company had acquired the assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies (in Liquidation) through an e-auction in March 2021.
The new facility, which signals GMMP’s long-term commitment towards meeting the demands of customers, will immediately enhance the company’s capacity in Heavy Engineering while freeing up capacity in Karamsad to expand our Glass Lining business. The state-of-the-art facility in Vatva, spread over 11.9 acres with seven manufacturing bays (built-up area of 23,617 square meters) is equipped to manufacture a wide range of Heavy Engineering equipment with a crane lifting capacity of 200 metric tonnes, deep-hole drilling (up to 1 meter) capabilities, plate rolling capabilities up to 110 milimeters, strip cladding capabilities, orbital welding capabilities, a 308.6 square meters clean room for fabrication of high alloy materials, vertical turret lathes and other machine tools.
GMM Pfaudler is the largest manufacturer of glass-lined equipment in India. It is also the Indian subsidiary of US based Pfaudler. They also manufacture Wiped Film Evaporators, Agitated Nutche Filters, Hi efficiency Mixing systems, PTFE lined equipment.
