INDO RAMA SYNTHETICS (INDIA) LTD.
NSE : INDORAMABSE : 500207ISIN
CODE : INE156A01020Industry : Textile - Manmade FibresHouse
: Indo Rama
BSE43.040.45 (+1.06 % )
PREV CLOSE (Rs.) 42.59
OPEN PRICE (Rs.) 42.19
BID PRICE (QTY) 42.70 (100 )
OFFER PRICE (QTY) 42.89 (71 )
VOLUME 542
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE42.70 0.2 (+0.47 % )
PREV CLOSE(Rs.) 42.50
OPEN PRICE (Rs.) 42.85
BID PRICE (QTY) 42.70 (69 )
OFFER PRICE (QTY) 42.90 (356 )
VOLUME 65334
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 15-Apr-2024 | Indo Rama Synthetics (India) informs about disclosure | <p style="text-align: justify;">Indo Rama Synthetics (India) has informed that the exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Urmila Lohia.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 14-Mar-2024 | Indo Rama Synthetics (India) informs about disclosure | <p style="text-align: justify;">Indo Rama Synthetics (India) has informed that the exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aloke Lohia.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p><div style="text-align: justify;"><br></div><div><br></div> |
| 07-Mar-2024 | Notice of Postal Ballot | Inter alia, approved:- a.Noted the resignation of Mr. Hemant Balkrishna Bal from the post of Whole-time Director (DIN 08818797) of the Company, to be effective from the closure of business hours of 31t May 2024, on the recommendation of Nomination and Remuneration Committee. b.On the recommendation of the Nomination and Remuneration Committee, Board of Directors extended existing term of Mr. M. N. Sudhindra Rao, Chief Executive Officer also designated as Key Managerial Personnel of the Company, whose term is expiring on April 7, 2024, for a further period of one (1) year, commencing from April 8, 2024 to April 7, 2025; c.On the recommendation of the Nomination and Remuneration Committee, Board of Directors approved the appointment of Mr. Mr. Sanjay Thapliyal as Site Head at Butibori Plant, Nagpur; and d.The Board decided to seek consent of the Members through Postal Ballot process to ratify Related Party Transactions, i.e., purchase of PTA from Indorama Petrochem Limited, Thailand, for the financial year 2023-24. The Postal Ballot Notice will be filed with the Stock Exchanges, simultaneously with dispatch of the same to the members of the Company. |
| 07-Mar-2024 | Resignation of Director | Inter alia, approved:- a.Noted the resignation of Mr. Hemant Balkrishna Bal from the post of Whole-time Director (DIN 08818797) of the Company, to be effective from the closure of business hours of 31t May 2024, on the recommendation of Nomination and Remuneration Committee. b.On the recommendation of the Nomination and Remuneration Committee, Board of Directors extended existing term of Mr. M. N. Sudhindra Rao, Chief Executive Officer also designated as Key Managerial Personnel of the Company, whose term is expiring on April 7, 2024, for a further period of one (1) year, commencing from April 8, 2024 to April 7, 2025; c.On the recommendation of the Nomination and Remuneration Committee, Board of Directors approved the appointment of Mr. Mr. Sanjay Thapliyal as Site Head at Butibori Plant, Nagpur; and d.The Board decided to seek consent of the Members through Postal Ballot process to ratify Related Party Transactions, i.e., purchase of PTA from Indorama Petrochem Limited, Thailand, for the financial year 2023-24. The Postal Ballot Notice will be filed with the Stock Exchanges, simultaneously with dispatch of the same to the members of the Company. |
| 29-Feb-2024 | Indo Rama Synthetics (India) informs about disclosures | <div style="text-align: justify;">Indo Rama Synthetics (India) has informed that the Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aloke Lohia.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 07-Nov-2023 | CCI approves acquisition of 20.51% stake of Indo Rama Synthetics by Aloke Lohia | <p style="text-align: justify;">The Competition Commission of India (CCI) has approved the proposed acquisition of 20.51% equity shares of Indo Rama Synthetics (India) (IRSL) by Aloke Lohia from Brookgrange Investment and transfer of 20.51% equity shares of IRSL to Urmila Lohia by Aloke Lohia. Aloke Lohia and Urmila Lohia are natural persons and promoters of IRSL.</p><p style="text-align: justify;">Indo Rama Synthetics is India's largest dedicated polyester manufacturer. Its largest product gamut comprises of Polyester Stable Fibre (PSF), Polyester Filament Yarn (PFY), Draw Texturised Yarn (DTY), Fully Drawn Yarn and Textile Grade Chips.</p><div style="text-align: justify;"><br></div> |
| 16-Jun-2023 | Indo Rama Synthetics (India) informs about commencement of commercial production | <p style="text-align: justify;">Indo Rama Synthetics (India) has informed that Indorama Ventures Yarns (‘IVYPL'), a Wholly Owned Subsidiary of the company, has successfully started commercial production of its ‘Draw Texturising Yarn' with effect from 15th June 2023 from its Plant at Butibori, Nagpur, Maharashtra. IVYPL has started commercial production on its 12 DTY Machines (out of 39 DTY Machines) commissioned.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div><br></div> |
| 05-Jun-2023 | Indo Rama Synthetics zooms as its arm starts commercial production of ‘Bottle grade PET resins' | <p style="text-align: justify;">Indo Rama Synthetics (India) is currently trading at Rs. 47.99, up by 5.22 points or 12.20% from its previous closing of Rs. 42.77 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 43.06 and has touched a high and low of Rs. 50.39 and Rs. 43.06 respectively. So far 63975 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.50 on 03-Jun-2022 and a 52 week low of Rs. 36.60 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 50.39 and Rs. 40.50 respectively. The current market cap of the company is Rs. 1257.26 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 74.84%, while Institutions and Non-Institutions held 3.27% and 21.89% respectively.</p><p style="text-align: justify;">Indo Rama Synthetics' (India) wholly owned subsidiary -- Yarns has successfully started commercial production of ‘Bottle grade PET resins' from its newly constructed Solid-State Polymerisation (SSP) Plant at Butibori, Nagpur, Maharashtra, on June 2, 2023. </p><p style="text-align: justify;">Indo Rama Synthetics is India's largest dedicated polyester manufacturer. Its largest product gamut comprises of Polyester Stable Fibre (PSF), Polyester Filament Yarn (PFY), Draw Texturised Yarn (DTY), Fully Drawn Yarn and Textile Grade Chips.</p> |
| 05-Jun-2023 | Vedanta, NTPC and GAIL to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Vedanta</span>'s subsidiary -- Bharat Aluminium company (BALCO) has entered into a Power Delivery Agreement (PDA) to source 200 MW Solar Renewable Power for its Aluminium operations at BALCO, Chhattisgarh, through Special Purpose Vehicle (SPV), i.e., affiliates of Serentica Renewables India (SRIPL) (erstwhile Sterlite Power Technologies) - a Company engaged in the business to supply Renewable Energy based on Solar, Wind and Battery Storage solutions. Aligned with Vedanta's ESG vision of ‘Transforming for Good', the move marks the beginning in the series of actions by the company to deliver on its goal of becoming ‘Net Zero Carbon by 2050 or sooner' and ‘using 2.5 GW of Round the Clock (RTC) Renewable Energy for its operations by 2030'. </p><p style="text-align: justify;">NTPC Green Energy, a wholly owned subsidiary of <span style="font-weight: bold;">NTPC </span>has incorporated a new Company, in 50:50 joint venture with Indian Oil Corporation, in the name of INDIANOIL NTPC GREEN ENERGY'. The incorporation date of joint venture company is June 2, 2023. INDIANOIL NTPC GREEN ENERGY will develop Renewable Energy based power projects (viz. Solar PV, Wind, any other RE, Energy Storage or any combination of same), to supply 650 MW or more renewable power on round the clock basis, to cater to the requirement of Indian Oil Corporation.</p><p style="text-align: justify;"><span style="font-weight: bold;">GAIL (India) </span>has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals (JBF) that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. Accordingly, JBF has become a wholly-owned subsidiary of the company with effect from June 1, 2023.</p><p style="text-align: justify;"><span style="font-weight: bold;">Eicher Motors</span>' motorcycle arm -- Royal Enfield has reported 22% growth in total sales at 77,461 units in May 2023 compared to 63,643 units in the same month last year. The company's sales of models with engine capacity up to 350 cc increased by 28% at 69,038 units in May 2023 against 53,835 units in the same period year ago. However, the sales of its Models with engine capacity exceeding 350 cc fell by 14% at 8,423 units in May 2023 as against 9,808 units in May last year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Indo Rama Synthetics (India)</span> -- wholly owned subsidiary -- Yarns has successfully started commercial production of ‘Bottle grade PET resins' from its newly constructed Solid-State Polymerisation (SSP) Plant at Butibori, Nagpur, Maharashtra, on June 2, 2023. </p><p style="text-align: justify;"><span style="font-weight: bold;">Samvardhana Motherson International</span> has completed acquisition of additional 30% stake of Youngshin Motherson Auto Tech (YMAT) from Youngshin Components, Korea, on June 2, 2023. With this transaction, the company will hold 80% of equity share capital of YMAT and accordingly YMAT will become subsidiary of the company. Earlier, the Board of Directors of the company at their meeting held on April 17, 2023, approved the acquisition. </p><p style="text-align: justify;"><span style="font-weight: bold;">Hero MotoCorp</span> has launched a refreshing new range of its highly popular 100cc motorcycle - the HF Deluxe. Adding to the striking appeal of HF Deluxe, four new stripes enhance the overall dynamic appearance of the motorcycle. And, the Canvas Black Edition strives to take customer aspirations to newer heights, backed by enhanced safety and convenience. Standard features such as tubeless tyres in Self and Self i3S variants will add to the high value proposition of the brand. A USB charger comes as an accessory for convenience. For complete peace of mind, Hero HF-Deluxe comes with standard five-year warranty and five free services.</p> |
| 03-Jun-2023 | Indo Rama Synthetics' arm starts commercial production of ‘Bottle grade PET resins' | <p style="text-align: justify;">Indo Rama Synthetics' (India) wholly owned subsidiary -- Yarns has successfully started commercial production of ‘Bottle grade PET resins' from its newly constructed Solid-State Polymerisation (SSP) Plant at Butibori, Nagpur, Maharashtra, on June 2, 2023. </p><p style="text-align: justify;">Indo Rama Synthetics is India's largest dedicated polyester manufacturer. Its largest product gamut comprises of Polyester Stable Fibre (PSF), Polyester Filament Yarn (PFY), Draw Texturised Yarn (DTY), Fully Drawn Yarn and Textile Grade Chips.</p> |
