Greaves Cotton rises on launching its high capacity Concrete pumps

Greaves Cotton is currently trading at Rs. 60.00, up by 0.20 points or 0.33% from its previous closing of Rs. 59.80 on the BSE.

The scrip opened at Rs. 60.15 and has touched a high and low of Rs. 60.50 and Rs. 59.60 respectively. So far 75 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 87.55 on 09-Oct-2012 and a 52 week low of Rs. 59.00 on 03-Jul-2013.

Last one week high and low of the scrip stood at Rs. 62.50 and Rs. 59.00 respectively. The current market cap of the company is Rs. 1468.90 crore.

The promoters holding in the company stood at 51.56% while Institutions and Non-Institutions held 35.72% and 12.71% respectively.

Greaves Construction Equipment Business, part of Greaves Cotton, one of India’s leading engineering companies, has launched its high capacity Concrete pumps, with contemporary S Valve technology. The Greaves S Valve Stationary Concrete pumps are available in three models: GCP 5500, GCP 6500 and GCP 8500. Designed primarily for infrastructure concreting operations, these high performance pumps are used for heavy duty construction activities in high rise commercial and residential buildings and infrastructure worksites such as tunnels, dams, Bridges, Irrigation etc.

All three models of the stationary Concrete pumps are powered by fuel efficient and emission compliant engines and integrated with contemporary hydraulic systems and components that are designed to deliver concrete perform under challenging pumping condition. Greaves Concrete pumps ensure lowest cost per cubic meter of concrete pumped. A fully electrical control panel with remote as a standard feature can operate both on the piston and the rod side. This results in a maximum concrete output of 50-80 cubic metres per hour, varying from model to model

The hard chrome platted concrete cylinder in the pumps offer extended service life against wear and corrosion. The replaceable hard rams are designed to withstand high pressure and are high wear resistant. The internals are well designed so as to allow for minimum wear and tear, thereby minimizing replacement and maintenance costs.

Greaves Cotton (GCL) is a well-diversified engineering company. The company is engaged in manufacturing of diesel and petrol engines, gensets, agro equipments and construction equipments. The company owns six manufacturing units located in the states of Maharashtra and Tamil Nadu.