Isgec Heavy Engineering rises as its step-down arm starts commercial operation in new ethanol plant in Philippines
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ISGEC Heavy Engineering is currently trading at Rs. 989.25, up by 16.55 points or 1.70% from its previous closing of Rs. 972.70 on the BSE.
The scrip opened at Rs. 930.30 and has touched a high and low of Rs. 990.00 and Rs. 930.30 respectively. So far 10256 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1178.00 on 08-Feb-2024 and a 52 week low of Rs. 465.00 on 21-Apr-2023.
Last one week high and low of the scrip stood at Rs. 996.70 and Rs. 910.00 respectively. The current market cap of the company is Rs. 7190.82 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 12.27% and 25.29% respectively.
Isgec Heavy Engineering’s step-down subsidiary -- Cavite Biofuel Producers Inc. (CBPI), Philippines, has commenced the commercial operation at its new ethanol plant at Philippines on April 11, 2024, after obtaining all requisite approvals.
Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.
