Zuari Industries is currently trading at Rs. 605.45, up by 6.75 points or 1.13% from its previous closing of Rs. 598.70 on the BSE.
The scrip opened at Rs. 604.00 and has touched a high and low of Rs. 606.00 and Rs. 600.20 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 895.00 on 25-Oct-2010 and a 52 week low of Rs. 557.25 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs. 606.00 and Rs. 562.80 respectively. The current market cap of the company is Rs. 1757.60 crore.
The promoters holding in the company stood at 34.37% while Institutions and Non-Institutions held 8.52% and 57.10% respectively.
Fertiliser-maker Zuari Industries is in the process of acquiring land in Belgaum district to set up a Rs 5,000 crore gas based urea plant in Karnataka with an annual capacity of 1.3 million tonnes a year. Further, the company has got the green signal from the Karnataka government to go ahead with the project.
The plant will be built near the Dabhol-Bangalore gas pipeline project, which is expected to complete by 2012-13. The Belgaum plant will be commissioned by 2015-16 after the government's new fertilizer investment policy comes into force. The project will be built in Belgaum district, bordering Maharashtra and Goa, which has a gas pipeline running through it.
Apart from this, Zuari Industries is also eying at land acquisition near Karwar, in Uttar Kannada district of Karnataka, for building a phosphate and customized fertilizer plant at an estimated investment of Rs 700 crore.
Recently, Zuari Industries had acquired 20,00,000 shares of Zuari Holdings, a company incorporated with the object to carry on the main business investment. Consequently, Zuari Holdings has become a 100% subsidiary of the company effective from March 10, 2011.
Zuari Industries, part of the K.K. Birla Group, was incorporated as Zuari Agro Chemicals to manufacture urea and complex fertilizers. The company forayed into various business areas such as cement, furniture, hybrid seeds, engineering consultancy, financial services, and oil tanking through a route of subsidiaries and joint ventures.
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