NCL Industries Ltd terminates JV agreement with Qingdao Xinguangzheng Steel Structure Company Ltd

NCL Industries Ltd had earlier signed an agreement to establish a joint venture company with Qingdao Xinguangzheng Steel Structure Company Ltd, China for manufacture of Pre-engineered Steel Structures in India.

Since the current state of bilateral relations between the two countries is not conducive to further progress in the matter, the joint venture agreement has been terminated.

Shares of NCL INDUSTRIES LTD. was last trading in BSE at Rs.107.4 as compared to the previous close of Rs. 100.55. The total number of shares traded during the day was 42710 in over 1745 trades.

The stock hit an intraday high of Rs. 108.1 and intraday low of 101. The net turnover during the day was Rs. 4532885.

Source : Equity Bulls

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