Company Profile

International Conveyors is currently trading at Rs. 83.75, up by 0.98 points or 1.18% from its previous closing of Rs. 82.77 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 86.00 and Rs. 83.00 respectively. So far 2528 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.79 on 08-Feb-2024 and a 52 week low of Rs. 40.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 86.00 and Rs. 74.92 respectively. The current market cap of the company is Rs. 524.59 crore.

The promoters holding in the company stood at 69.18%, while Institutions and Non-Institutions held 0.01% and 30.81% respectively.

International Conveyors has acquired the Equity shares of Thyrocare Technologies for investment purpose on March 21, 2024. Cost of acquisition is Rs 1.38 crore. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.

Mahindra & Mahindra (M&M) and Adani Total Energies E-Mobility (ATEL) have inked a memorandum of understanding (MoU) to establish electric vehicle charging infrastructure across the country. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country. Moreover, the partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions.  With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers. 

Lemon Tree Hotels has signed new property -- Lemon Tree Hotels, Ranchi. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. Ranchi, the capital of Jharkhand, India, is a city known for its scenic beauty and tribal heritage. Nestled on the Chota Nagpur plateau, Ranchi has a moderate climate and is nicknamed the 'City of Waterfalls' due to several cascading waterbodies within its borders. Once the center of the Jharkhand movement, which fought for a separate state, Ranchi is now a growing metropolis and a hub for industry and education.

Life Insurance Corporation of India (LIC) has increased its shareholding in ‘LTIMindtree’. The Corporation’s shareholding in ‘LTIMindtree’ has increased from 14,804,362 to 14,906,665 Equity Shares, i.e., 4.99% to 5.03% of the paid-up capital of the said Company.

International Conveyors has acquired the Equity shares of Thyrocare Technologies for investment purpose on March 21, 2024. Cost of acquisition is Rs 1.38 crore. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

Uno Minda has invested a sum of Rs 6.04 crore by way of subscription to 60,42,060 Equity shares of Uno Minda Buehler Motor (UMBM) allotted on March 20, 2024 at a face value of Rs 10 each, on right issue basis. Post allotment, the investment of the Company in the equity shares of UMBM stands at Rs 11.87 crore. The shareholding of the company in UMBM remains unchanged at 50.10%.  

Zuari Agro Chemicals has executed sale deed on March 21, 2024 with Ultra Dwell Real Estate LLP, an unrelated party, for sale of land parcel of the Company admeasuring 65,905 sq. mtrs. situated at Village Sancoale, Taluka Mormugao, Distt. South Goa, State of Goa. The consideration from such sale is Rs 31.50 crore (subject to deduction of TDS at the applicable rate).

The Board of Mazagon Dock Shipbuilders (MDL), in the Board Meeting held on 20.03.2024, has accepted the offer of Mumbai Port Authority (MbPA) for the allotment of land and building (Workshop land and Clark Basin), measuring 14.55 Acres, adjacent to MDL Mumbai Yard on long term lease basis to MDL for 29 years w.e.f. 01.04.2024 to 31.03.2053. The total allotment cost is Rs 354 crore (Approx.) which include Upfront Lease Premium, Cost of Buildings and Structures, GST, Stamp Duty and Registration Charges. The payment of the allotment cost will be paid to MbPA in due course.

International Conveyors has acquired equity shares of Sheela Foam. The cost of acquisition is Rs 3.14 crore. A leader in Polyurethane (PU) Foam, Sheela Group is a multi-billion rupee entity. It has a nationwide presence in manufacturing PU Foam with a global marketing perspective and an impeccable track record, since 1971. Earlier, the company had acquired the equity shares of ‘La Opala RG’. 

International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.

International Conveyors has acquired the Equity shares of Thyrocare Technologies for investment purpose on March 21, 2024. Cost of acquisition is Rs 1.38 crore. Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries.

International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.