Jubilant Ingrevia gains on commissioning new Acetic Anhydride plant in Gujarat
Jubilant Ingrevia is currently trading at Rs. 401.45, up by 2.85 points or 0.72% from its previous closing of Rs. 398.60 on the BSE.
The scrip opened at Rs. 398.60 and has touched a high and low of Rs. 404.75 and Rs. 388.85 respectively. So far 34547 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 592.45 on 11-Nov-2022 and a 52 week low of Rs. 350.80 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 404.00 and Rs. 382.25 respectively. The current market cap of the company is Rs. 6376.02 crore.
The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 13.29% and 35.24% respectively.
Jubilant Ingrevia has commissioned its new global scale Acetic Anhydride plant, at its manufacturing facility in west India at Bharuch, Gujarat. This plant adds around 60,000 MT of capacity, whereby scaling Jubilant Ingrevia’s overall annual Acetic Anhydride capacity to 210,000 MT. This enhanced capacity will also help the company to increase its global presence in various geographies and achieve leadership position in the global merchant markets. In the domestic market it further strengthens and consolidates Jubilant Ingrevia’s position as a market leader.
For several decades now, Jubilant Ingrevia has been regarded as a ‘partner of choice’ globally for supplying Acetic Anhydride for various end?usages. This facility augmentation will further strengthen the relationship that Jubilant Ingrevia enjoys with its global clients.
With this additional capacity, Jubilant Ingrevia also provides opportunity to its global customers to further expand their downstream products across end?user industries viz. Pharmaceuticals, Agrochemicals, Food, Vitamins, Wood Acetylation, Electronics, Dyes industry etc.
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers.