Finolex Industries to shift PVC Pipes plant from Pune to Ratnagiri

Finolex Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 22, 2007, various proposals in connection with the PVC pipes plant at Chinchwad, Pune were put before the Board for its consideration.

After careful consideration and discussion at length, the Board has given its consent to shift the PVC Pipes manufacturing plant at Chinchwad, Pune to Ranpar-Golap, Ratnagiri.

The stock was trading at Rs.84.15, down by Rs.1.45 or 1.69%. The stock hit an intraday high of Rs.86.30 and low of Rs.84.10. The total traded quantity was 77793 compared to 2 week average of 344434.

Source : Equity Bulls

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