KS Oils enters into manufacturing agreement with Alwar based plant

KS Oils Ltd has announced that the Company has entered into a manufacturing agreement with an Alwar based plant which is slated to deliver Rs 400 crores to the topline and help fulfill demand of mustard oil. This arrangement will remain in force until the new Company's manufacturing plant commences commercial operations, an event that is slated for March 2008. The Alwar plant has cold press machines for mustard oil production, extraction and refinery units which shall augment capacity.

The stock closed the day at Rs.318.40, up by Rs.15.15 or 5%. The stock hit an intraday high of Rs.318.40 and low of Rs.312.90. The total traded quantity was 135586 compared to 2 week average of 415447.

Source : Equity Bulls

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