PCBL Chemical trades higher on the BSE
PCBL Chemical is currently trading at Rs. 373.70, up by 3.50 points or 0.95% from its previous closing of Rs. 370.20 on the BSE.
The scrip opened at Rs. 379.95 and has touched a high and low of Rs. 379.95 and Rs. 365.50 respectively. So far 149010 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 584.50 on 30-Sep-2024 and a 52 week low of Rs. 208.80 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 388.65 and Rs. 353.15 respectively. The current market cap of the company is Rs. 14173.72 crore.
The promoters holding in the company stood at 51.41%, while Institutions and Non-Institutions held 13.16% and 35.43% respectively.
PCBL Chemical had signed a technology transfer agreement with Chinese company Ningxia Jinhua Chemical Company to produce Acetylene black in India. Acetylene black is a high-end conductive grade chemical with applications in high voltage power cables, Li Ion batteries, EV charging, Semiconductor packaging and conductive plastics, paints & coatings applications.
PCBL plans to set up its 1st Acetylene Black plant in India to meet the fast-growing demand of Indian Battery industry and export to the global battery, semiconductor and conductive markets, thereby aligning with market needs to build more resilient supply chains for critical conductive materials.
Over the last few years, PCBL has significantly expanded its specialty portfolio. It has launched over 50 grades under Bleumina brand for engineered plastics, Nutone for inks, paints and coating applications and Energia for conductive applications like conductive polymers, electrostatic discharge, wires and cables and battery. The addition of Acetylene black would significantly bolster its capabilities to offer numerous grades in the fast-growing conductive segment. Acquisition of this technology will enable PCBL's participation in these fast growth market segments, accelerating moving up the value ladder, enriching product mix and thereby leading to significant improvement in margin profile.
PCBL Chemical (formerly known as PCBL) is primarily engaged in the business of manufacturing & sale of carbon black and sale of power.
