JG Chemicals zooms after getting nod to acquire land in Gujarat
JG Chemicals is currently trading at Rs 329.50, up by 16.90 points or 5.41% from its previous closing of Rs 312.60 on the BSE.
The scrip opened at Rs 317.95 and has touched a high and low of Rs 331.00 and Rs 317.95 respectively. So far 2347 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 331.00 and Rs 304.10 respectively. The current market cap of the company is Rs 1295.10 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 has received approval for procurement of land in the State of Gujarat. The company will acquire the land admeasuring more or less 11.43 Acres in Dahej Petroleum, Chemicals and Petrochemicals Investment Region, Gujarat.
The Cost of the land is Rs 24.05 crore plus applicable taxes, levies, stamp duty and registration charges. The Board of Directors of the Company at its meeting held on May 10, 2025, has approved the same.
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.
