Jindal Polyfilms Ltd approves expansion plans of Rs. 450 crores

The Board of Directors of Jindal Polyfilms Ltd has considered and approved, the future expansion plan for the company in its meeting held today:

Expansion plans for Company's India operation by way of investment of Rs. 450 (Four hundred fifty) Crores (Approximately) in:

- Biaxially-Oriented Poly Propylene (BOPP) Film Line.
- BOPP Capacitor Line.

The company will invest in the best technology and maximum output capacity equipment from globally renowned suppliers.

Shares of JINDAL POLY FILMS LTD. was last trading in BSE at Rs.430.3 as compared to the previous close of Rs. 444.75. The total number of shares traded during the day was 8370 in over 690 trades.

The stock hit an intraday high of Rs. 449.35 and intraday low of 427.8. The net turnover during the day was Rs. 3666547.

Source : Equity Bulls

Keywords