VHCL Industries strengthens on bagging export order worth Rs 57 crore

VHCL Industries is currently trading at Rs. 13.45, up by 0.78 points or 6.16% from its previous closing of Rs. 12.67 on the BSE. The scrip opened at Rs. 12.80 and has touched a high and low of Rs. 13.50 and Rs. 12.75 respectively. So far 10434 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.50 on 27-May-2013 and a 52 week low of Rs. 11.80 on 04-Apr-2014. Last one week high and low of the scrip stood at Rs. 15.00 and Rs. 11.80 respectively. The current market cap of the company is Rs. 47.85 crore. The promoters holding in the company stood at 62.24 % while Non-Institutions held 37.76 %. VHCL Industries has received a fresh export order for Rs 57 crore from a new overseas customer from Hong Kong to supply ‘specialty plastic recycled granules’, these granules have been developed to enhance product performance while reducing cost. The company was in the process of developing new markets in order to fulfill its growth vision and achieve sales targets to widen its business activities which would be worthwhile to all stakeholders. Currently, VHCL Industries is involved primarily in the polymer business-Plastic Recycling. The company is the market leader in this field, being the single largest polymer recycling company. The company has its main unit at Union Territory of Dadra and Nagar Haveli.