Cosmo Films Limited approves expansion project for Rs. 300 crore

The Board of Directors of Cosmo Films Limited in its meeting held today has approved resuming further investment into the new line for Specialized BOPET Film at Aurangabad, Maharasthra, India which was on hold since November 2018. The revised project cost will be Rs.300 Cr and will be financed through a mix of internal accruals and loans. The commercial production will commence by Q2 FY2022-23.

Shares of COSMO FILMS LTD. was last trading in BSE at Rs.379.75 as compared to the previous close of Rs. 390.3. The total number of shares traded during the day was 10840 in over 760 trades.

The stock hit an intraday high of Rs. 392.4 and intraday low of 375.1. The net turnover during the day was Rs. 4141832.

Source : Equity Bulls

Keywords