Isgec Heavy Engineering trades jubilantly as its arm starts commercial production at ethanol plant

ISGEC Heavy Engineering is currently trading at Rs. 614.85, up by 51.60 points or 9.16% from its previous closing of Rs. 563.25 on the BSE.

The scrip opened at Rs. 574.95 and has touched a high and low of Rs. 622.95 and Rs. 574.95 respectively. So far 36348 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 877.00 on 05-Jul-2021 and a 52 week low of Rs. 291.00 on 24-Dec-2020.

Last one week high and low of the scrip stood at Rs. 622.95 and Rs. 532.00 respectively. The current market cap of the company is Rs. 4478.68 crore.

The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 8.98% and 28.59% respectively.

Isgec Heavy Engineering’s wholly owned subsidiary — Saraswati Sugar Mills (SSML) has started commercial production at its 100 KLPD ethanol plant, set up at Yamuna Nagar in Haryana, after obtaining all statutory approvals. The company had invested around Rs 178 crore in the construction of the plant and making it operational.

Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.

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