IFGL Refractories spurts on starting commercial production at Precast products plant in Visakhapatnam

IFGL Refractories is currently trading at Rs. 231.00, up by 4.85 points or 2.14% from its previous closing of Rs. 226.15 on the BSE.

ifgl refractories trades in green on bse
IFGL Refractories

The scrip opened at Rs. 224.05 and has touched a high and low of Rs. 231.00 and Rs. 224.05 respectively. So far 159 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 322.00 on 20-Apr-2022 and a 52 week low of Rs. 222.00 on 28-Feb-2023.

Last one week high and low of the scrip stood at Rs. 233.00 and Rs. 224.05 respectively. The current market cap of the company is Rs. 832.51 crore.

The promoters holding in the company stood at 72.43%, while Institutions and Non-Institutions held 10.47% and 17.09% respectively.

IFGL Refractories has started commercial production at its new Precast products plant at Visakhapatnam manufacturing facility. Installed capacity of new Precast Products plant is 8400 MT per annum and capital expenditure incurred for building the same is about Rs 16.50 crore.

IFGL Refractories is primarily engaged in the manufacturing, trading and selling of Refractory items used in Steel plants. The company also provides services in relation to refractory goods.

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