Vesuvius India touches roof on getting nod for capacity expansion in Andhra Pradesh

Vesuvius India is locked its upper circuit limit at Rs. 3218.70, up by 536.45 points or 20.00% from its previous closing of Rs. 2682.25 on the BSE.

The scrip opened at Rs. 3050.05 and has touched a high and low of Rs. 3218.70 and Rs. 3023.00 respectively. So far 8384 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3,218.70 on 27-Jul-2023 and a 52 week low of Rs. 1109.05 on 27-Jul-2022.

Last one week high and low of the scrip stood at Rs. 3218.70 and Rs. 2600.05 respectively. The current market cap of the company is Rs. 6532.70 crore.

The promoters holding in the company stood at 55.57%, while Institutions and Non-Institutions held 23.97% and 20.46% respectively.

Vesuvius India has received approval for proposal of capex of around Rs 87.70 crore (to be funded through internal accruals) for setting up a new plant for manufacturing of Monolithics Refractory at Anakapalli (Visakhapatnam), Andhra Pradesh. The company has proposed capacity addition to 120,000 tonne per annum. The Board of Directors of the Company at its meeting held on July 26, 2023, has, inter-alia, approved the same.

Vesuvius India is primarily a manufacturer and trader of refractory and is managed organizationally as a single unit.

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