AIA Engineering is currently trading at Rs. 475.25, up by 24.15 points or 5.09% from its previous closing of Rs. 450.10 on the BSE.
The scrip opened at Rs. 454.40 and has touched a high and low of Rs. 484.00 and Rs. 454.40 respectively. So far 25,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 484.00 on 16-Dec-2013 and a 52 week low of Rs. 275.00 on 24-May-2013.
Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 436.00 respectively. The current market cap of the company is Rs. 4,461 crore.
The promoters holding in the company stood at 61.65% while Institutions and Non-Institutions held 33.22% and 5.13% respectively AIA Engineering’s manufacturing capacity is currently being augmented from 200,000 Mt of Wear Parts to 260,000 Mt by brownfield Project which is expected to be commissioned in February, 2014. The company’s board of directors have approved a green field project to further enhance this manufacturing capacity by setting up a new facility to produce Wear Parts with rated capacity of 180,000 Mt. The first phase of this project of 100,000 Mt is estimated to get commissioned by March, 2015 with the balance estimated to be completed by October, 2015.
Further, the land for the project has already been acquired, necessary environmental clearances have been obtained and the capex shall be funded through internal accruals and some external borrowing, if required.
AIA Engineering is engaged in business of designing, developing, manufacturing, installing and servicing of high chromium wear, corrosion and abrasion resistant parts. These products are mainly used by cement, mining and thermal power generation industries.
The scrip opened at Rs. 454.40 and has touched a high and low of Rs. 484.00 and Rs. 454.40 respectively. So far 25,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 484.00 on 16-Dec-2013 and a 52 week low of Rs. 275.00 on 24-May-2013.
Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 436.00 respectively. The current market cap of the company is Rs. 4,461 crore.
The promoters holding in the company stood at 61.65% while Institutions and Non-Institutions held 33.22% and 5.13% respectively AIA Engineering’s manufacturing capacity is currently being augmented from 200,000 Mt of Wear Parts to 260,000 Mt by brownfield Project which is expected to be commissioned in February, 2014. The company’s board of directors have approved a green field project to further enhance this manufacturing capacity by setting up a new facility to produce Wear Parts with rated capacity of 180,000 Mt. The first phase of this project of 100,000 Mt is estimated to get commissioned by March, 2015 with the balance estimated to be completed by October, 2015.
Further, the land for the project has already been acquired, necessary environmental clearances have been obtained and the capex shall be funded through internal accruals and some external borrowing, if required.
AIA Engineering is engaged in business of designing, developing, manufacturing, installing and servicing of high chromium wear, corrosion and abrasion resistant parts. These products are mainly used by cement, mining and thermal power generation industries.
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