Technocraft Industries India Ltd has signed Memorandum of Understanding ('MOU') with Government of Maharashtra ('GoM') for investing upto Rs. 183.32 Cr in Textile manufacturing unit at Amravati. As per the MOU, the GoM shall offer the following benefit on complying the requirements under PSI-2013:-
1. The benefits in terms of refund of GST.
2. Electricity Duty exemption for a period of 7 Years from the date of commencement of commercial production.
3. 100% Exemption from payment of stamp duty in accordance with Govt. Notification.
Shares of TECHNOCRAFT INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.540.8 as compared to the previous close of Rs. 543.8. The total number of shares traded during the day was 7203 in over 153 trades.
The stock hit an intraday high of Rs. 573 and intraday low of 533. The net turnover during the day was Rs. 3891680.