Standard Glass Lining Technology surges as its arm commences commercial operations at Unit-5 in Hyderabad
Standard Glass Lining Technology is currently trading at Rs. 168.15, up by 5.80 points or 3.57% from its previous closing of Rs. 162.35 on the BSE.
The scrip opened at Rs. 164.95 and has touched a high and low of Rs. 170.00 and Rs. 162.60 respectively. So far 52241 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 213.80 on 16-Jan-2025 and a 52 week low of Rs. 123.90 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 136.25 respectively. The current market cap of the company is Rs. 3330.51 crore.
The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 4.84% and 34.75% respectively.
Standard Glass Lining Technology’s wholly owned subsidiary--S2 Engineering Industry has successfully commenced commercial operations at its newly established Unit-5, effective May 15, 2025. The new manufacturing facility is located at Survey No. 42/A1/1, Alinagar, H/o Chetlapotharam Village, Under Gram Panchayat Gaddapotharam Village, Jinnaram Mandal, Sangareddy District, Hyderabad, Telangana.
In alignment with the company’s strategic growth and consolidation plan, the operations of Unit-2, previously situated at Plot No. 1, Apuroopa Township, Jeedimetla, Hyderabad, Telangana, have been fully relocated and integrated into the newly developed Unit-5. This relocation and operational consolidation are aimed at enhancing overall efficiency, expanding production capabilities, and optimizing resource utilization. The inauguration of Unit-5 marks a significant milestone in the company's journey toward scaling operations and strengthening infrastructure to meet growing domestic and global demand.
Standard Glass Lining Technology is one of the specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India, with in house capabilities across the entire value chain.
