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Pondy Oxides & Chemicals Ltd obtains LME brand listing certificate

Posted On: 2019-10-04 09:03:39

Pondy Oxides & Chemicals Ltd (POCL) has obtained London Metal Exchange Brand Listing Certificate from the London Metal Exchange (LME) for its Lead metal produced in its factory at Sriperumbudhur. Tamil Nadu, under the brand name POCL PB970R.

The LME registration is recognized worldwide as one of the most demanding standards and signifies highest product quality and uniform physical characteristics of Lead Ingots. LME brands are the most accepted and traded brands across the Globe. POCL is the first Indian Secondary Lead Smelter to get registered on the London Metal Exchange.

With this registration, the POCL PB970R Lead Ingots produced by the Company further become standard deliverable Lead metal Ingots into any LME warehouse globally and into MCX (Multi Commodity Exchange) India. With this POCL takes a leap further into the global market place creating new opportunities and opening new frontiers.

Shares of PONDY OXIDES & CHEMICALS LTD. was last trading in BSE at Rs.173.05 as compared to the previous close of Rs. 178.95. The total number of shares traded during the day was 8818 in over 146 trades.

The stock hit an intraday high of Rs. 185 and intraday low of 173.05. The net turnover during the day was Rs. 1577032.


Source: Equity Bulls

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