Manali Petrochemical Ltd will launch the products of its Wholly Owned Subsidiary Notedome Limited, UK, manufactured at the facilities of the Company in Chennai during September 2018.
The Company acquired Notedome Limited, UK in September 2016 through its overseas subsidiaries. Notedome, the UK-based manufacturer of high performance polyurethanes for the past three decades makes Nuthane Polyurethane Cast Elastomers of various specifications and supplies to over 45 countries across the globe. Notedome has been looking to expand its base in Asia and as part of achieving this, MPL, the ultimate Parent of Notedome, has commenced production of the said Notedome products at its facilities in Chennai and the products are being launched this month. The Notedome Division of MPL would cater to the needs of the Subcontinent and the South East Asian market.
Shares of MANALI PETROCHEMICAL LTD. was last trading in BSE at Rs.37.3 as compared to the previous close of Rs. 38. The total number of shares traded during the day was 52394 in over 255 trades.
The stock hit an intraday high of Rs. 37.9 and intraday low of 37.25. The net turnover during the day was Rs. 1963928.