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Tinplate surges after stellar Q1 earnings
Jul 21,2017

The result was announced during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 113.75 points or 0.36% at 32,018.15. The S&P BSE Small-Cap index rose 5.66 points or 0.04% at 16,005.54.

On the BSE, 19.96 lakh shares were traded on the counter so far as against the average daily volumes of 3.42 lakh shares in the past one quarter. The stock had hit a high of Rs 149.90 so far during the day, which is a 52-week high. The stock hit a low of Rs 136.70 so far during the day. The stock had hit a 52-week low of Rs 64 on 9 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 49.06% compared with the Sensexs 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 58.91% as against the Sensexs 8.44% rise. The scrip had also outperformed the market over the past one year, advancing 41.22% as against the Sensexs 14.29% rise.

The small-cap company has equity capital of Rs 104.67 crore. Face value per share is Rs 10.

Tinplate Company of India is one of the leading indigenous producers of tin coated and tin free steel sheets in India.

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Rallis India drops after weak Q1 results
Jul 21,2017

The announcement was made after market hours yesterday, 20 July 2017.

Meanwhile, the S&P BSE Sensex was up 117.04 points or 0.37% at 32,021.44. The S&P BSE Mid-Cap index was up 9.67 points or 0.06% at 15,188.94.

On the BSE, 26,657 shares were traded in the counter so far as against average daily volume of 34,892 shares in the past one quarter. The stock had hit a high of Rs 241.80 and a low of Rs 236 so far during the day. The stock had hit a 52-week high of Rs 264.60 on 31 March 2017. The stock had hit a 52-week low of Rs 180.25 on 22 November 2016.

The stock had underperformed the market over the past one month till 20 July 2017, declining 0.47% compared with Sensexs 1.94% rise. The scrip had also underperformed the market in past one quarter, declining 5.12% as against Sensexs 8.44% rise. The scrip had, however, outperformed the market in past one year, jumping 15.54% as against Sensexs 14.29% rise.

The mid-cap company has equity capital of Rs 19.45 crore. Face value per share is Re 1.

ln the crop protection segment the company has witnessed destocking by dealers ahead of GST implementation and down trading by framers. Consequently placement was muted during Q1 compared to the regular scale, which has since picked up in July 2017.

The board approved the divestment of its entire shares comprising 1.82 crore share or 13.68% in Advinus Therapeutics to Eurofins Pharma Services Lux Holdings SARL for Rs 17.32 crore.

The board also approved the scheme of amalgamation for the merger of Zero Waste Agro-Organics Limited, wholly owned subsidiary of the company, with the company, subject to such approvals as may be required.

Zero Waste Agro-Organics is engaged in the business of manufacture of scientifically enriched organic compost. The scheme will help in achieving cost effectiveness, operational and management efficiency.

Rallis India is one of Indias leading agrochemicals companies.

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Atul slips after weak Q1 numbers
Jul 21,2017

The result was announced during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 22.70 points, or 0.07% at 31,927.10. The S&P BSE Mid-Cap index was down 15.06 points, or 0.1% at 15,164.21.

On the BSE, 6,450 shares were traded on the counter so far as against the average daily volumes of 8,419 shares in the past one quarter. The stock had hit a high of Rs 2,408.55 and a low of Rs 2,275 so far during the day. The stock had hit a record high of Rs 2,588 on 16 May 2017 and a 52-week low of Rs 1,885 on 10 August 2016.

The stock had underperformed the market over the past one month till 20 July 2017, declining 3.41% compared with the Sensexs 1.94% rise. The scrip had also underperformed the market over the past one quarter sliding 1.52% as against the Sensexs 8.44% rise. The scrip had also underperformed the market over the past one year advancing 11.14% as against the Sensexs 14.29% rise.

The mid-cap company has equity capital of Rs 29.66 crore. Face value per share is Rs 10.

Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.

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RIL strengthens after board recommends 1:1 bonus issue
Jul 21,2017

The announcement was made during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 14.40 points or 0.05% at 31,918.80.

High volumes were witnessed on the counter. On the BSE, 15.41 lakh shares were traded on the counter so far as against the average daily volumes of 3.94 lakh shares in the past one quarter. The stock had hit a high of Rs 1,588.20 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 1,544.40 so far during the day. The stock had hit a 52-week low of Rs 932 on 9 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, gaining 8.25% compared with Sensexs 1.94% rise. The scrip had also outperformed the market in past one quarter, rising 11.63% as against Sensexs 8.44% rise. The scrip had also outperformed the market in past one year, jumping 49.5% as against Sensexs 14.29% rise.

The large-cap company has equity capital of Rs 3251.74 crore. Face value per share is Rs 10.

Reliance Industries (RIL) consolidated net profit rose 28% to Rs 9108 crore on 26.7% rise in revenue to Rs 90537 crore in Q1 June 2017 over Q1 June 2016. The announcement was made after market hours yesterday, 20 July 2017.

Reliance Industries (RIL) increase in revenue is primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from exploration and production (E&P) business. Revenue was also boosted by robust growth in retail business which recorded a 73.6% increase in revenue to Rs 11571 crore. Reliance Retail witnessed growth across all consumption baskets during the quarter.

Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter. Gross refining margins recorded nine-year-high of $ 11.9 per bbl whereas petrochemicals EBIT (earnings before interest and depreciation) margin were at all-time high of 15.8%. Gross refining margin rose to $11.9 per barrel in Q1 June 2017 from $11.5 per barrel in Q1 June 2016.

Meanwhile, the board of directors of RIL considered and approved an investment in Balaji Telefilms (BTL), to acquire 2.52 crore equity shares constituting 24.92% of BTLs equity, through subscription to preferential issue of shares by BTL to RIL for cash consideration of Rs 164 per equity share amounting to an investment of Rs 413.28 crore. This investment in content production (including digital content) is in line with RILs commitment to invest and grow in telecom digital and media businesses.

BTL has launched a new digital platform, ALTBalaji (ALT), in April 2017, which has garnered over 3 million downloads and subscribers from over 75 countries since its launch. The transaction is subject to BTLs shareholder approval and regulatory compliances and other conditions precedent and is expected to be completed in 45 to 60 days.

Shares of Balaji Telefilms gained 1.02% to Rs 188.55.

The RILs board has also approved to set up and invest in a technology incubator by the name Jerusalem Innovation Incubator (JII), licensed by Israel Innovation Authority (IIA), Ministry of Economy, Israel, under competitive bidding process.

The investment in JII shall be done in partnership with OurCrowd, Motorola Solutions and Yissum. JII will be in the form of limited liability partnership with RIL holding 20% interest. OurCrowd will hold 60%, Motorola 20% and Yissum.

RIL proposes to invest upto $25 million in JII and in frontier technology start-ups in tranches, over a period of about 8 years.

RIL is Indias largest private sector company. RILs activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications.

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Ashok Leyland declines after poor Q1 earnings
Jul 21,2017

The result was announced during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 5.95 points or 0.02% at 31,910.35.

On the BSE, 22.49 lakh shares were traded on the counter so far as against the average daily volumes of 16.82 lakh shares in the past one quarter. The stock had hit a high of Rs 106.15 and a low of Rs 100 so far during the day. The stock had hit a 52-week high of Rs 109.50 on 18 July 2017 and a 52-week low of Rs 73.60 on 22 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 13.8% compared with the Sensexs 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 29.37% as against the Sensexs 8.44% rise. The scrip had, however, underperformed the market over the past one year, advancing 13.38% as against the Sensexs 14.29% rise.

The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Rs 1.

Ashok Leylands profitability in Q1 June 2017 was lower, primarily because of a richer mix and exchange gain on swap contracts in Q1 June 2016. The mix is expected to significantly improve in the coming quarters, the company said. The next 3 quarters look promising as the demand is expected to pick up on the back of Government spending on infrastructure as well as positive impact of GST, it added.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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Dish TV India leads losers in A group
Jul 21,2017

Dish TV India slumped 6.1% to Rs 77.8 at 13:45 IST on profit booking after the stock gained 6.08% in three sessions to Rs 82.85 yesterday, 21 July 2017, from a close of Rs 78.10 on 17 July 2017. The stock topped the losers in the BSEs A group. On the BSE, 13.79 lakh shares were traded on the counter so far as against the average daily volumes of 3.34 lakh shares in the past two weeks.

Idea Cellular skidded 5.9% at Rs 89.25. The stock was the second biggest loser in A group. On the BSE, 34.66 lakh shares were traded on the counter so far as against the average daily volumes of 29.57 lakh shares in the past two weeks.

Ashok Leyland dropped 4.58% to Rs 101.10. The stock was the third biggest loser in A group. On the BSE, 20.58 lakh shares were traded on the counter so far as against the average daily volumes of 15.96 lakh shares in the past two weeks.

Dewan Housing Finance Corporation declined 4.27% at Rs 456.20. The stock was the fourth biggest loser in A group. On the BSE, 5.3 lakh shares were traded on the counter so far as against the average daily volumes of 2.09 lakh shares in the past two weeks.

DLF fell 4.01% to Rs 194.85. The stock was the fifth biggest loser in A group. On the BSE, 8.67 lakh shares were traded on the counter so far as against the average daily volumes of 7.54 lakh shares in the past two weeks.

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Volumes jump at Vesuvius India counter
Jul 21,2017

Vesuvius India clocked volume of 3.96 lakh shares by 13:44 IST on BSE, a 296.58-times surge over two-week average daily volume of 1,000 shares. The stock surged 7.12% at Rs 1,474.90.

Godrej Consumer Products notched up volume of 16.07 lakh shares, a 88.53-fold surge over two-week average daily volume of 18,000 shares. The stock advanced 1% at Rs 965.90.

3M India saw volume of 10,000 shares, a 51.24-fold surge over two-week average daily volume of 197 shares. The stock lost 0.27% at Rs 13,350.

HDFC clocked volume of 37.55 lakh shares, a 29.01-fold surge over two-week average daily volume of 1.29 lakh shares. The stock fell 0.76% at Rs 1,638.50.

Crompton Greaves Consumer Electricals saw volume of 7.62 lakh shares, a 12.65-fold rise over two-week average daily volume of 60,000 shares. The stock rose 1.31% at Rs 209.

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Indian Bank turns volatile after announcing Q1 numbers
Jul 21,2017

Meanwhile, the S&P BSE Sensex was up 64.12 points or 0.2% at 31,968.52.

On the BSE, 2.53 lakh shares were traded on the counter so far as against the average daily volumes of 1.89 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 1.27% at the days low of Rs 326.25 so far during the day. The stock rose as much as 2.66% at the days high of Rs 339.25 so far during the day. The stock had hit a record high of Rs 364.80 on 16 May 2017 and a 52-week low of Rs 143.85 on 25 July 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 9.53% compared with the Sensexs 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 28.36% as against the Sensexs 8.44% rise. The scrip had also outperformed the market over the past one year, surging 113.88% as against the Sensexs 14.29% rise.

The large-cap state-run bank has equity capital of Rs 480.29 crore. Face value per share is Rs 10.

Indian Banks net profit rose 21.16% to Rs 372.40 crore on 3.79% growth in total income to Rs 4788.04 crore in Q1 June 2017 over Q1 June 2016. The result was announced during market hours today, 21 July 2017.

The banks gross non-performing assets (NPAs) stood at Rs 9653.01 crore as on 30 June 2017 as against Rs 9865.13 crore as on 31 March 2017 and Rs 8894.23 crore as on 30 June 2016.

The ratio of gross NPAs to gross advances stood at 7.21% as on 30 June 2017 as against 7.47% as on 31 March 2017 and 6.97% as on 30 June 2016. The ratio of net NPAs to net advances stood at 4.05% as on 30 June 2017 as against 4.39% as on 31 March 2017 and 4.48% as on 30 June 2016.

The banks provisions and contingencies surged 71.59% to Rs 715.55 crore in Q1 June 2017 over Q1 June 2016.

Government of India held 82.11% stake in Indian Bank (as on 30 June 2017).

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Dr Reddys in pink of health after USFDA clears Mexican facility
Jul 21,2017

The announcement was made during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 49.74 points or 0.16% at 31,954.14.

On the BSE, 11,944 shares were traded on the counter so far as against the average daily volumes of 33,833 shares in the past one quarter. The stock had hit a high of Rs 2,777 and a low of Rs 2,727 so far during the day. The stock had hit a 52-week high of Rs 3,689 on 20 July 2016 and a 52-week low of Rs 2,382.05 on 29 May 2017.

The stock had outperformed the market over the past one month till 20 July 2017, gaining 2.84% compared with Sensexs 1.94% rise. The scrip had, however, underperformed the market in past one quarter, gaining 5.13% as against Sensexs 8.44% rise. The scrip had also underperformed the market in past one year, declining 25.36% as against Sensexs 14.29% rise.

The large-cap company has equity capital of Rs 82.91 crore. Face value per share is Rs 5.

The company will announce Q1 results on 27 July 2017. Dr Reddys Laboratories consolidated net profit rose 175.4% to Rs 337.60 crore on 5.4% decline in net sales to Rs 3554.20 crore in Q4 March 2017 over Q4 March 2016.

Dr Reddys Laboratories is an integrated global pharmaceutical company.

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Lyka Labs surges 21.44% in seven sessions
Jul 21,2017

Meanwhile, the S&P BSE Sensex was up 59.58 points, or 0.19% at 31,963.98. The S&P BSE Small-Cap index was up 23.91 points, or 0.15% at 16,023.79.

On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 30,801 shares in the past one quarter. The stock had hit a high of Rs 58 and a low of Rs 53 so far during the day. The stock had hit a 52-week high of Rs 78 on 21 July 2016 and a 52-week low of Rs 38.65 on 28 June 2017.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 13.96% compared with the Sensexs 1.94% rise. The scrip had, however, underperformed the market over the past one quarter advancing 1.73% as against the Sensexs 8.44% rise. The scrip had also underperformed the market over the past one year declining 30.56% as against the Sensexs 14.29% rise.

The small-cap company has equity capital of Rs 22.04 crore. Face value per share is Rs 10.

Shares of Lyka Labs rose 21.44% in seven trading sessions to its current market price of Rs 56.35, from a close of Rs 46.40 on 12 July 2017.

Lyka Labs reported consolidated net profit of Rs 1.84 crore in Q4 March 2017, compared with net loss of Rs 11.99 crore in Q4 March 2016. Net sales fell 11.6% to Rs 30.60 crore in Q4 March 2017 over Q4 March 2016.

Lyka Labs is engaged in the manufacturing of pharmaceutical formulations and active pharmaceutical ingredients (APIs) across various therapeutic segments.

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HEG spurts to 52-week high
Jul 21,2017

Meanwhile, the S&P BSE Sensex was up 75.05 points or 0.24% at 31,979.45. The S&P BSE Small-Cap index rose 44.10 points or 0.28% at 16,043.98.

On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 47,849 shares in the past one quarter. The stock had hit a high of Rs 498.35 so far during the day, which is a 52-week high. The stock hit a low of Rs 450.20 so far during the day. The stock had hit a 52-week low of Rs 144.10 on 22 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 61.35% compared with the Sensexs 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 59.46% as against the Sensexs 8.44% rise. The scrip had also outperformed the market over the past one year, spurting 143.8% as against the Sensexs 14.29% rise.

The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.

Shares of HEG have rallied 24.7% in four trading sessions to its ruling market price, from its close of Rs 394.75 on 17 July 2017. The stock has zoomed 228.16% in the calendar year 2017 so far (to its ruling market price).

HEG reported net loss of Rs 3.86 crore in Q4 March 2017, compared with net loss of Rs 27.11 crore in Q4 March 2016. Net sales rose 44.4% to Rs 247.68 crore in Q4 March 2017 over Q4 March 2016.

HEG is the leading manufacturer and exporter of graphite electrodes in India.

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Jaiprakash Associates extends gains as ace investor buys stake
Jul 21,2017

The company had disclosed about the shareholding pattern during market hours on 19 July 2017. The stock has spurted 15.1% in three sessions to its current price, from a close of Rs 21.85 on 18 July 2017.

Meanwhile, the S&P BSE Sensex was up 143.31 points, or 0.45% to 32,047.71. The S&P BSE Mid-Cap index was up 35.70 points, or 0.24% to 15,214.97.

On the BSE, 1.23 crore shares were traded in the counter so far, compared with average daily volumes of 1.07 crore shares in the past one quarter. The stock had hit a high of Rs 26.50 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 24.25 so far during the day. The stock had hit a 52-week low of Rs 6.71 on 25 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, jumping 57.23% compared with Sensexs 1.94% rise. The scrip had also outperformed the market in past one quarter, gaining 82.79% as against Sensexs 8.44% rise. The scrip had also outperformed the market in past one year, spurted 92.24% as against Sensexs 14.29% rise.

The mid-cap company has equity capital of Rs 486.49 crore. Face value per share is Rs 2.

The disclosure showed Rakesh Jhunjhunwala held 2.5 crore shares, or 1.03% stake, in Jaiprakash Associates as of 30 June 2017. It is not known whether Jhunjhunwala owned any stake prior to the quarter as individual shareholders holding details show up on exchanges only if the total stake held is above 1%.

The company had announced on 19 July 2017 that board of directors has by resolution passed through circulation on 19 July 2017, accepted the resignation of Rahul Kumar as tendered by him due to personal reasons, from the office of whole-time Director and Chief Financial Officer, with effect from close of working hours on 31 July 2017.

Jaiprakash Associates reported net loss of Rs 1882.40 crore in Q4 March 2017 as against net loss of Rs 1387.30 crore in Q4 March 2016. Net sales declined 9.2% to Rs 1720.45 crore in Q4 March 2017 over Q4 March 2016.

Jaiprakash Associates is a diversified infrastructure company.

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KRBL drops on profit booking
Jul 21,2017

Meanwhile, the S&P BSE Sensex was up 141.32 points, or 0.44% at 32,045.72.

On the BSE, 6,474 shares were traded on the counter so far as against the average daily volumes of 22,171 shares in the past one quarter. The stock had hit a high of Rs 463.30 and a low of Rs 450.95 so far during the day. The stock had hit a record high of Rs 477.60 on 20 July 2017 and a 52-week low of Rs 218.25 on 9 November 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 18.16% compared with the Sensexs 1.94% rise. The scrip had also outperformed the market over the past one quarter advancing 10% as against the Sensexs 8.44% rise. The scrip had also outperformed the market over the past one year advancing 75.15% as against the Sensexs 14.29% rise.

The large-cap company has equity capital of Rs 23.54 crore. Face value per share is Rs 1.

Shares of KRBL had rallied 21.49% in the preceding five trading sessions to settle at Rs 467.55 yesterday, 20 July 2017, from its close of Rs 384.85 on 13 July 2017.

KRBLs consolidated net profit rose 17.6% to Rs 109.83 crore on 28.1% increase in net sales to Rs 912.78 crore in Q4 March 2017 over Q4 March 2016.

KRBL is engaged in seed development, contact farming, procurement of paddy, storage, processing, packaging, branding and marketing of basmati rice.

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Sterlite Tech hits record high
Jul 21,2017

Meanwhile, the S&P BSE Sensex was up 146.67 points or 0.46% at 32,051.07. The S&P BSE Mid-Cap index rose 40.97 points or 0.27% at 15,220.24.

On the BSE, 28.25 lakh shares were traded on the counter so far as against the average daily volumes of 2.47 lakh shares in the past one quarter. The stock had hit a high of Rs 244.90 so far during the day, which is a record high. The stock hit a low of Rs 201.80 so far during the day. The stock had hit a 52-week low of Rs 73.85 on 30 September 2016.

The stock had outperformed the market over the past one month till 20 July 2017, advancing 33.73% compared with the Sensexs 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 40.74% as against the Sensexs 8.44% rise. The scrip had also outperformed the market over the past one year, surging 127.95% as against the Sensexs 14.29% rise.

The mid-cap company has equity capital of Rs 79.93 crore. Face value per share is Rs 2.

Shares of Sterlite Technologies have rallied 50.66% in three trading sessions to its ruling market price, from its close of Rs 158.10 on 18 July 2017 after the company announced Q1 June 2017 results during market hours on 19 July 2017.

Sterlite Technologies consolidated net profit fell 1.22% to Rs 67.83 crore on 2.21% rise in net sales to Rs 716.03 crore in Q1 June 2017 over Q4 March 2017.

Sterlite Tech reported highest ever quarterly revenues in Q1 June 2017, driven by strong order book and export sales. The company reported the highest ever quarterly export sales of Rs 320 crore and highest order book of Rs 3140 crore at the end of Q1 June 2017.

With positive shifts in technology, national policies and consumption patterns for the creation of smarter broadband infrastructure, Q1 June 2017 saw optical fibre demand showing a consistent upward trend in the global markets. This reflected with healthy increase in exports at 43% of revenues.

Sterlite Technologies is a global technology leader that designs, builds and manages smarter digital networks.

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Gravita India defies gravity after starting production at Jamaica plant
Jul 21,2017

The announcement was made after market hours yesterday, 20 July 2017.

Meanwhile, the S&P BSE Sensex was up 128.92 points, or 0.4%, to 32,033.32. The S&P BSE Small-Cap index was up 49.56 points, or 0.31%, to 16,049.44.

On the BSE, 22,710 shares were traded on the counter so far as against the average daily volumes of 73,261 shares in the past one quarter. The stock had hit a high of Rs 87.45 and a low of Rs 84.30 so far during the day. The stock had hit a 52-week high of Rs 89.50 on 12 July 2017. The stock had hit a 52-week low of Rs 25 on 29 July 2016.

The stock had outperformed the market over the past one month till 20 July 2017, gaining 3.42% compared with Sensexs 1.94% rise. The scrip had also outperformed the market in past one quarter, gaining 37.04% as against Sensexs 8.44% rise. The scrip had, also outperformed the market in past one year, surging 208.33% as against Sensexs 14.29% rise.

The small-cap company has equity capital of Rs 13.70 crore. Face value per share is Rs 2.

Gravita India said that Gravita Jamaica, a step down subsidiary of the company, located in Jamaica, Central America has started recycling and commercial production of PET flakes (polyethylene Terephthalate) by installing an ultra-modern PET Hot Wash Line with an annual capacity of 4,000 metric tonnes per annum.

Gravita Group has made investments of Rs 6.5 crore for procuring and commissioning of this plant which is funded from the internal accruals of the company. The plant is expected to generate revenue of Rs 10 crore coupled with a gross margin of 37% in its initial year.

The installation of the plant is a step forward for the companys growth momentum and to further achieve its vision in the lead recycling industry.

Gravita India is engaged in the business of manufacturing of lead metal by recycling & smelting process.

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