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2025-07-10 12:29:49 pm | Source: Accord Fintech
Agarwal Industrial Corporation rises on getting nod to acquire 100% stake in Konkan Storage Systems (Karwar)
Agarwal Industrial Corporation rises on getting nod to acquire 100% stake in Konkan Storage Systems (Karwar)

Agarwal Industrial Corporation is currently trading at Rs. 933.85, up by 3.40 points or 0.37% from its previous closing of Rs. 930.45 on the BSE.

The scrip opened at Rs. 940.75 and has touched a high and low of Rs. 940.75 and Rs. 930.40 respectively. So far 161 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1383.15 on 19-Dec-2024 and a 52 week low of Rs. 838.45 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 969.00 and Rs. 925.00 respectively. The current market cap of the company is Rs. 1396.83 crore.

The promoters holding in the company stood at 57.20%, while Institutions and Non-Institutions held 6.53% and 36.28% respectively.

Agarwal Industrial Corporation has received approval for the acquisition of 100% equity shares of Konkan Storage Systems (Karwar), a company engaged in business of port-based industrial and infrastructure activities, including setting up warehouses for solid, liquid, and heated cargo, and to store and handle all types of liquid cargo for a total consideration of Rs 22 crore subject to the execution of definitive agreements and completion of closing conditions. 

The Board of Directors of the company at its meeting held on July 08, 2025, has inter alia considered and approved the same.

Agarwal Industrial Corporation is principally engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), Logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through Wind Mills.

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