GRP rises after starting commercial production of `Crumb Rubber` at new manufacturing unit in Solapur
GRP is currently trading at Rs 2683.35, up by 8.35 points or 0.31% from its previous closing of Rs 2675.00 on the BSE.
The scrip opened at Rs 2671.45 and has touched a high and low of Rs 2724.90 and Rs 2671.45 respectively. So far 61 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 4840.00 on 21-Aug-2024 and a 52-week low of Rs 1578.86 on 26-Mar-2024.
Last one week high and low of the scrip stood at Rs 2843.40 and Rs 2649.00 respectively. The current market cap of the company is Rs 1431.12 crore.
The promoters holding in the company stood at 40.19%, while Institutions and Non-Institutions held 0.39% and 59.43% respectively.
GRP has started commercial production of ‘Crumb Rubber’ on March 24, 2025, at its new manufacturing unit situated at MIDC Industrial Area, Chincholi, Solapur. The capacity will be 31,875 MT per annum.
The capacity of ‘Crumb Rubber’ created to cater to the growing demand of this product in various applications like reclaim rubber, tyre pyrolysis, tyres, road surfacing, and rubber goods.
GRP is among the most recognized manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres.
