Omkar Speciality Chemicals shines on acquiring rights of industrial plots

25 Nov 2013 Evaluate

Omkar Speciality Chemicals is currently trading at Rs. 96.00, up by 0.60 points or 0.63% from its previous closing of Rs. 95.40 on the BSE.

The scrip opened at Rs. 95.10 and has touched a high and low of Rs. 96.50 and Rs. 95.10 respectively. So far 11863 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 31-Jan-2013 and a 52 week low of Rs. 68.70 on 03-Oct-2013.

Last one week high and low of the scrip stood at Rs. 99.00 and Rs. 94.00 respectively. The current market cap of the company is Rs. 188.23 crore.

The promoters holding in the company stood at 60.42% while Institutions and Non-Institutions held 5.23% and 34.36% respectively.

Omkar Speciality Chemicals has acquired the rights of Plot No. B-15 and B-16, admeasuring about 1,800 square meters situated at Lote Parshuram Industrial Area, Khed taluka, Ratnagiri district. It has also acquired rights of Plot No. D-27/4, admeasuring about 15,030 square meters, situated at Lote Parshuram Industrial Area. This plot is an adjacent plot to the existing Unit No. V (Plot No D-27/5) of the company.

Besides, Urdhwa Chemicals Company, a wholly owned subsidiary of Omkar Speciality Chemicals has acquired rights of Plot No. C-4/1, admeasuring about 2,660 square meters, situated at Lote Parshuram Industrial. This plot is an adjacent plot to the existing Plant (Plot No. 04) of the company. It has also acquired rights of Plot No. C-43, admeasuring about 75,000 square meters, situated at Lote Parshuram Industrial Area.  This plot is behind to the existing Plant (Plot No C-4) and Plot No C-4/1 of the company.

The aforesaid acquisitions of plots have been made considering the forthcoming expansion projects of the company during the next 5 years.

Omkar Speciality Chemicals is mainly engaged in the manufacture and sale of speciality chemicals viz., selenium compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz., Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.

Omkar SpecialityChem Share Price

7.59 -0.36 (-4.53%)
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