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BSE   19 Jun 19 | 12:00 AM

2108.55 12.2 (0.58%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 524200
Face Value: N.A.

NSE   19 Jun 19 | 12:00 AM

2107.85 9.2 (0.44%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: VINATIORGA
Performance
1 Week : Rs 2,005.60 (5.13%)
1 Month : Rs 1,813.55 (16.27%)
1 Year : Rs 975.20 (116.22%)
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Vinati Organics soars on Rs 120-cr capex plan

SI Reporter / Mumbai 15 Jul 10 | 01:35 PM

Vinati Organics is trading 7% higher at Rs 82.25, after the company announced Rs 120 crore capex plans, which will be funded through a combination of internal accruals, debt and equity.
 
The capex plans includes expansion of 2-Acrylamido 2-Methyl Sulfonic Acid (ATBS) capacity from 10000 MT to 18000 MT, 6MW co-generation plant at Lote facility, expansion of Tertiary Butyl Acrylamide (TBA) capacity from 300 MT to 1000 MT, expansion of Vintreat Cap Polymers capacity from 1000 MT to 3500 MT.
 
The company proposed to launch new product Diacetone Acrylamide (DAAM) and Tertiary Octyl Acrylamide (TOA) with capacity of 1000 MT and 300 MT, respectively.
 
The new products and expansions planned are expected to yield additional revenues of approx Rs 150 crore per year and the co-generation plant would retail significant cost savings to the tune of approx Rs 8 crore per year.
 
The stock opened at Rs 76.25 and touched high of Rs 82.25 on the BSE in noon deals. The trading volumes has surged nearly eight-fold, with 216,000 shares have changing hands till afternoon trades, as against an average 28,000 shares that were traded per day in past two weeks.

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