Supreme Petrochem rises on obtaining consent to operate for PS, EPS capacity expansion projects
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Supreme Petrochem is currently trading at Rs. 796.00, up by 5.40 points or 0.68% from its previous closing of Rs. 790.60 on the BSE.
The scrip opened at Rs. 809.00 and has touched a high and low of Rs. 809.00 and Rs. 789.65 respectively. So far 1175 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1027.05 on 28-Mar-2022 and a 52 week low of Rs. 630.00 on 21-Feb-2022.
Last one week high and low of the scrip stood at Rs. 809.00 and Rs. 735.25 respectively. The current market cap of the company is Rs. 7497.68 crore.
The promoters holding in the company stood at 64.14%, while Institutions and Non-Institutions held 4.54% and 31.31% respectively.
Supreme Petrochem has obtained Consent to Operate (CTO) from Maharashtra Pollution Control Board (MPCB) on December 30, 2022, for Polystyrene (PS) and Expandable Polystyrene (EPS) capacity expansion projects at its plant situated at Village- Amdoshi, Taluka- Roha, District-Raigad, Maharashtra. Consequently the company's effective manufacturing capacity of Polystyrene will stand increased from the existing 2,20,000 MTA to 3,00,000 MTA and Expandable Polystyrene will stand increased from the existing 50,000 MTA to 85,000 MTA.
Supreme Petrochem is a leader in Styrenic polymers in India with two manufacturing locations, Amdoshi-Wangani, Maharashtra and Manali, Tamilnadu in India.
