The Board of Directors of Archit Organosys Ltd have considered and approved expansion of existing production capacity by 6000 M.T. p.a. in meeting of the Board of Directors held today.
The existing capacity is 12000 Metric Tonne (MT) per annum and capacity utilization is at 60%.
The proposed capacity expansion would be added in the next 6 to 9 months months. The investment of Rs. 500 lacs for the expansion project will be financed through internal accruals.
There is increase in demand of one of the product of the company i.e. Monochloro Acetic Acid (MCA) both at domestic and at export level. Also, the make in India drive by Government of India has boosted the demand and it has been surveyed that many peer industries manufacturing MCA has increased their production capacity. Hence, the overall industry is anticipating a growth for this product.
Shares of Archit Organosys Limited was last trading in BSE at Rs. 43 as compared to the previous close of Rs. 44.3. The total number of shares traded during the day was 25527 in over 152 trades.
The stock hit an intraday high of Rs. 44.3 and intraday low of 42. The net turnover during the day was Rs. 1095085.