India's Indo Borax gains on customs demand reprieve, capacity expansion plans

Indo Borax and Chemicals

09/06/2025 08:56

** Shares of Indo Borax and Chemicals IBCH.NS jump 4.8% to 205.94 rupees apiece, a six-month high

** The boron and lithium products maker gets a customs demand reprieve worth 105.7 million rupees from the Office of the Commissioner of Customs in Mumbai, post market hours on Friday

** On Monday, IBCH announces it will launch a high-value boron oxide product in July 2025

** IBCH says it is setting up manufacturing facilities with a capex outlay of 200 million rupees at its Pithampur plant in Indore, Madhya Pradesh

** IBCH also aims to add 4000 million tonnes per annum in additional capacity from the plant within a year

** Trading volume is 150,176 shares as of 1:11 p.m. IST, 2.5times the 30-day average, data compiled by LSEG shows

** Stock up 9.5% in 2025, so far including today's gains exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))