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TPL Plastech is currently trading at Rs. 33.04, up by 0.60 points or 1.85% from its previous closing of Rs. 32.44 on the BSE.

The scrip opened at Rs. 32.10 and has touched a high and low of Rs. 33.47 and Rs. 32.10 respectively. So far 5030 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 43.50 on 11-Oct-2022 and a 52 week low of Rs. 23.26 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 34.25 and Rs. 32.00 respectively. The current market cap of the company is Rs. 257.72 crore.

The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 0.08% and 25.06% respectively.

TPL Plastech is expanding its Industrial Packaging product portfolio and entering manufacturing of Intermediate Bulk Containers (IBCs) with the commencement of its new State-of-the-Art Industrial Packaging manufacturing facility at Dahej, Gujarat.

The Greenfield facility will manufacture IBCs along with other existing industrial packaging products i.e. Drums and Jerry Cans of Narrow Mouth & Open Top, which are used in various industries including Chemicals, Speciality Chemicals, Pharmaceuticals, FMCG, Food Products etc. The facility will cater to existing as well as new customers in the region as demand for industrial packaging increases rapidly.

Located in Dahej, Gujarat which is a major Industrial hub for chemical companies, the new facility is equipped with a fully automated line for manufacturing IBCs. This automated line is one of the best in the industry in terms of production efficiency and will help reduce operating cost significantly, given the increasing labour cost. In addition, being in proximity to customer and suppliers will help in an efficient working capital management. 

TPL Plastech is a professionally managed company and India's second largest manufacturer of drums, especially Bulk Packaging i.e. 210 Ltr to 250 Ltr capacities.