Genus Paper & Boards Ltd has entered into two non-binding Memorandum of Understanding (MOU) for setting up Kraft Paper manufacturing plants.
The company has signed a non-binding MOU with the Government of Maharashtra to invest Rs. 1050 crores for setting up of Kraft Paper manufacturing plant.
The company has also entered into a non-binding MOU with the Government of Uttar Pradesh to invest Rs. 600 crores for expansion of current manufacturing facility.
Shares of Genus Paper & Boards Ltd was last trading in BSE at Rs.13.9 as compared to the previous close of Rs. 14.1. The total number of shares traded during the day was 31461 in over 67 trades.
The stock hit an intraday high of Rs. 14.4 and intraday low of 13.5. The net turnover during the day was Rs. 439867.