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PU Paint shop goes into commercial production

Posted On: 2018-02-17 02:10:23

PG Electroplast Ltd. today successfully commissioned the PU Paint shop at their Greater Noida facility. This facility was inaugurated by manufacturing head of Orient Electric Ltd. PG Electroplast Ltd has entered into a strategic tie up with Orient Electric Ltd for this PU paint shop, the current capacity of the PU Paint shop is 2000 fans per day.

With the successful commissioning of the PU Paint Shop, company's position strengthens further in the Plastics space in India. This will lead to better value addition for the company and as capacity utilization ramps up, this capacity will add to the top and bottom line of the company.

Shares of PG ELECTROPLAST LTD. was last trading in BSE at Rs.309.85 as compared to the previous close of Rs. 323.5. The total number of shares traded during the day was 5587 in over 160 trades.

The stock hit an intraday high of Rs. 328.85 and intraday low of 301.7. The net turnover during the day was Rs. 1751657.

Source: Equity Bulls

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