Kanchi Karpooram Ltd's expansion delayed, expects to complete by December 2020

Kanchi Karpooram Limited has announced that the company originally envisaged completing the expansion of its plant located in Kanchipuram, Tamil nadu (Including construction of building and commissioning of equipment and machinery) by month of June 2020.

However, due to the COVID-19 epidemic breakout in March 2020 and subsequent lockdowns imposed by both Central and State government, the work has come to a total standstill. The company is currently engaged in mobilizing the workforce in the upcoming months by exercising careful and abundant caution.

Considering all the unforeseen circumstances the Company is planning to complete the entire project by December 2020.

Shares of Kanchi Karpooram Ltd was last trading in BSE at Rs.377.1 as compared to the previous close of Rs. 314.25. The total number of shares traded during the day was 97740 in over 1519 trades.

The stock hit an intraday high of Rs. 377.1 and intraday low of 320.05. The net turnover during the day was Rs. 36055586.

Source : Equity Bulls

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