Lords Chloro Alkali to expand Caustic Soda capacity by 42%; Stock hits 52-week high

13 Sep 2022 , 10:07 AM

Lords Chloro Alkali Ltd stock hits 52-week at Rs364.85 per share on Tuesday as it has informed to the exchanges regarding expansion of production capacity of the company.

As per the filing, the company is in the process of expanding its existing Caustic Soda production capacity approximately by 42% i.e. from 210 Tonnes Per Day (TPD) to 300 Tonnes Per Day (TPD) at its plant in Alwar, Rajasthan.

The commissioning of the aforementioned projects is expected by September, 2023, the company said.

At around 10:05 AM, Lords Chloro Alkali Ltd is currently trading at Rs364.85 per share up by Rs17.35 or 4.99% from its previous closing of Rs347.50 per share on the BSE.

The scrip opened at Rs360 per share and has touched a high and low of Rs364.85 per share and Rs360 per share respectively so far today. The current market cap of the company is Rs873.96 crore.

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