29 APRIL 2016AlCircle.com
Rico Auto sets up manufacturing plant in Chennai
Edited by : AL CIRCLE
1 min read
Rico Auto Industries Ltd stock was higher by 5 per cent at INR 40. The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan.
The scrip opened at INR 40 and has touched a high and low of INR 41.1 and INR 39.7 respectively. So far 1134237 (NSE+BSE) shares were traded on the counter. The current market cap of the company is INR 526.32crore.
The promoters holding in the company stood at 50.1 per cent while Institutions and Non-Institutions held 3.73 per cent and 46.17 per cent respectively.
Rico is a world-class engineering company supplying a wide range of high precision fully machined aluminium components and assemblies to automotive OEMs across the globe. Rico’s consolidated group total turnover is over US$ 245 Million.
Rico’s integrated services include design, development, tooling, casting, machining and assembly across ferrous and aluminium products.
The scrip opened at INR 40 and has touched a high and low of INR 41.1 and INR 39.7 respectively. So far 1134237 (NSE+BSE) shares were traded on the counter. The current market cap of the company is INR 526.32crore.
The promoters holding in the company stood at 50.1 per cent while Institutions and Non-Institutions held 3.73 per cent and 46.17 per cent respectively.
Rico is a world-class engineering company supplying a wide range of high precision fully machined aluminium components and assemblies to automotive OEMs across the globe. Rico’s consolidated group total turnover is over US$ 245 Million.
Rico’s integrated services include design, development, tooling, casting, machining and assembly across ferrous and aluminium products.
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