05 Oct 2024

Orissa Bengal Carrier Rises After Securing Coal/Pet Coke Transportation Deal with Shiva Cement

Orissa Bengal Carrier shares are trading at Rs. 56.75, up by 0.07 points or 0.12% from its previous closing price of Rs. 56.68 on the BSE.

The stock opened at Rs. 53.10 and recorded a high of Rs. 57.22 and a low of Rs. 53.10 during the session, with 2,667 shares traded so far.

The company, listed under the BSE group 'B', has a face value of Rs. 10 and achieved a 52-week high of Rs. 79.44 on February 5, 2024, and a 52-week low of Rs. 45.01 on April 15, 2024.

Over the past week, the stock's high and low stood at Rs. 58.51 and Rs. 53.10, respectively. The company's current market capitalization is Rs. 120.09 crore.

The promoters hold 67.23% of the company's shares, while institutions and non-institutional investors hold 0.02% and 32.75%, respectively.

Orissa Bengal Carrier has signed a contract for the transportation of coal and pet coke for Shiva Cement, a subsidiary of JSW Cement, for a three-month period ending on December 31, 2024.

Additionally, the company received approval from the Ministry of Corporate Affairs (MCA) on June 4, 2024, to incorporate a wholly-owned subsidiary, ‘OBCL Ventures.’

Orissa Bengal Carrier, based in Raipur, Chhattisgarh, is involved in logistics and goods transportation, offering services like Full Truck Load, Parcel, and Part Truck Load (LTL) services.