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International Combustion soars on inking pact with Cementos Capa

International Combustion (India) is currently trading at Rs. 268.50, up by 13.50 points or 5.29% from its previous closing of Rs. 255.00 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 274.90 and Rs. 258.00 respectively. So far 943 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.00 on 12-Jun-2018 and a 52 week low of Rs. 206.20 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 251.65 respectively. The current market cap of the company is Rs. 64.18 crore.

The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 0.01% and 47.20% respectively.

International Combustion (India) has entered into Foreign Technical Collaboration & Trademark License Agreements with Cementos Capa, SL, Spain, for manufacturing with their technology, various Building Material products including Tile Adhesives of various types, Waterproofing Compounds, Applicatech Waterproofing, Tile Grouts and Epoxy Grouts at the Company’s Building Material Division plant at Ajmer and for marketing the same with their trademark CAPA in India, Nepal, Bangladesh, Sri Lanka, Bhutan & Myanmar on an exclusive basis and in Thailand, Vietnam, Laos, Cambodia, Singapore and Indonesia on a non-exclusive basis.

International Combustion (India) is an India-based company. The Company operates in two segments: mineral and material processing and handling equipment, and gear box and geared motor drive system.

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