Orient Abrasives rises on getting nod for enhancement of Bauxite Mineral production capacity

Orient Abrasives is currently trading at INR 27.40, up by 0.10 points or 0.37% from its previous closing of INR 27.30 on the BSE.

The scrip opened at INR 27.50 and has touched a high and low of INR 27.50 and INR 27.40 respectively. So far 8250 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of INR 28.75 on 09-Mar-2015 and a 52 week low of INR 20.10 on 19-Aug-2014.

Last one week high and low of the scrip stood at INR 27.50 and INR 26.80 respectively. The current market cap of the company is INR 329.01 crore.

The promoters holding in the company stood at 25.52% while Institutions and Non-Institutions held 6.93% and 67.55% respectively.

Orient Abrasives has received clearance from the Ministry of Environment, Forests and Climate Change, for enhancement of bauxite production capacity at the Kothariya bauxite mine and the Nandana I bauxite mine at Kalyanpur, Jamnagar, as well as the Avariyar II bauxite mine at Mevasa, Jamnagar.

The company enjoys the position of being the largest producer of Calcined and Fused Products in India. The company offers a wide range of Refractory and Monolithic products for the iron and steel industry and enjoys large domestic and international clientele.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.