Vesuvius India shines on inaugurating Mould Flux manufacturing plant in Visakhapatnam
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Vesuvius India is currently trading at Rs. 3577.05, up by 103.25 points or 2.97% from its previous closing of Rs. 3473.80 on the BSE.
The scrip opened at Rs. 3500.40 and has touched a high and low of Rs. 3691.10 and Rs. 3500.40 respectively. So far 2658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3955.00 on 23-Nov-2023 and a 52 week low of Rs. 1613.05 on 03-May-2023.
Last one week high and low of the scrip stood at Rs. 3691.10 and Rs. 3243.65 respectively. The current market cap of the company is Rs. 7236.77 crore.
The promoters holding in the company stood at 55.57%, while Institutions and Non-Institutions held 24.63% and 19.80% respectively.
Vesuvius India has inaugurated a new Mould Flux manufacturing plant in Visakhapatnam. The plant is designed to meet the increasing demand for flux, a vital component in the continuous casting process at steel plants.
Over the last couple of years, Vesuvius has been making significant investments in India by expanding the capacity of its existing manufacturing plants as well as setting up three new greenfield manufacturing plants which will create an additional capacity of 2,50,000 tons per annum. The flux manufacturing plant is first of the three new manufacturing plants expected to be operational in 2024.
Vesuvius India is primarily a manufacturer and trader of refractory and is managed organizationally as a single unit.
