Ispat Industries fell 1.49% to Rs 11.88 at 10:26 IST ,on 14th Nov'08,on BSE on reports of defaulting on loan repayment to the Unit Trust of India.
The stock hit a high of Rs 12.60 and a low of Rs 11.50 so far during the day. The stock had a 52-week high of Rs 87.40 on 20 December 2007 and a 52-week low of Rs 9 on 27 October 2008.
The mid-cap steel manufacturer has an equity capital of Rs 1,222.44 crore. Face value per share is Rs 10.
Ispat Industries was scheduled to make a payment of around Rs 100 crore to Unit Trust of India (UTI) by June 2008 as part of a Rs 550-crore loan settlement reports added.
Reports also said company has advanced temporary closure of its blast furnace by six months, which would reduce its total steel production in the current year by about 40%.
Ispat Industries reported a net loss of Rs 26.74 crore in Q2 September 2008 compared to a net profit of Rs 13.54 crore in Q2 September 2007. The company's sales rose 58% to Rs 3,199.70 crore in Q2 September 2008 over Q2 September 2007.
Ispat Industries, promoted by the Mittals group, is into manufacture of all types of galvanized plain/corrugated steel sheets/strips, coils and sponge iron.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment