![Render of Benzopyrene or, better, Benzo[a]pyrene. Representative image.](https://cms.dzambhalafinance.com/wp-content/uploads/2025/06/giovanni-crisalfi-_3fEYjsXHbk-unsplash.jpg.webp)
Shares of Indo Borax and Chemicals are surging mid-session on Monday.
The company announced a plan to invest ₹20 Crore toward manufacturing Boron Oxide in Madhya Pradesh.
The proposed facility would have an annual capacity of 4,000 metric tons.
“The company is launching High Value Boron Oxide as a new product, using existing product Boric Acid as raw material. Most customers are common for Boric Acid and Boron Oxide,” Indo Borax disclosed to BSE.
Indo Borax shares traded 3.5% higher at ₹203. The stock has a 52-week high of. ₹262.65 and low of ₹142.35.
It currently trades at a P/E ratio of 15.32.
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