JG Chemicals surges as its arm purchases land at APIIC Industrial Park in Andhra Pradesh
JG Chemicals is currently trading at Rs. 315.80, up by 5.50 points or 1.77% from its previous closing of Rs. 310.30 on the BSE.
The scrip opened at Rs. 306.70 and has touched a high and low of Rs. 316.00 and Rs. 305.40 respectively. So far 8704 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 484.00 on 27-Nov-2024 and a 52 week low of Rs. 200.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 335.95 and Rs. 305.40 respectively. The current market cap of the company is Rs. 1222.61 crore.
The promoters holding in the company stood at 70.99%, while Institutions and Non-Institutions held 9.79% and 19.22% respectively.
JG Chemicals’ subsidiary -- BDJ Oxides has purchased a land at APIIC Industrial Park, Plot No. 19, 20, and 21, Village-Attivaram, Mondal-Ozili; District-Tirupati, Andhra Pradesh admeasuring more or less 2.96 Acres of free hold land for the purpose of expansion of its sustainable recycling product portfolio. The total Consideration is Rs 2.34 crore plus applicable taxes and levies.
JG Chemicals is India’s largest zinc oxide manufacturer in terms of production and revenue for zinc oxide manufacturing through French process, which is the dominant production technology for producing zinc oxide and has been adopted by all the major producers in Americas, Europe and Asia.
