Indo Borax -; Chemicals to install new manufacturing plant at Pithampur; Stock climbs over 4%

16 Sep 2022 , 11:40 AM

Indo Borax & Chemicals Limited has informed to the exchanges regarding establishment of new plant.

As per the regulatory filing, the board of directors of the company at their meeting held on Thursday i.e. September 15, 2022 proposed to install a new plant at existing plant location at Pithampur for manufacturing of Boric Acid derivatives and related products.

The project will be funded by internal accruals, the company said.

At around 11:39 AM, Indo Borax & Chemicals Ltd is currently trading at Rs146 per share up by Rs6.2 or 4.43% from its previous closing of Rs139.80 per share on the BSE.

The scrip opened at Rs142.80 per share and has touched a high and low of Rs151 per share and Rs142.10 per share respectively so far today. The current market cap of the company is Rs448.62 crore.

Indo Borax & Chemicals Limited is an India-based company, which is engaged in the manufacturing and selling of chemicals. The Company is engaged in offering borax, boric acid and lithium hydroxide monohydrate. 

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