Cosmo Ferrites Limited to expand capacity of ferrites manufacturing facility in Himachal Pradesh

The Board of Directors of Cosmo Ferrites Limited in the meeting held today approved the plan for expansion of capacity of the Company's Ferrites manufacturing facility from 2400 MT to 3,600 MT per annum at a project cost of about Rs.30 crores. The expansion plan would be completed and go on stream in the first quarter of FY22-23.

Shares of COSMO FERRITES LTD. was last trading in BSE at Rs.23 as compared to the previous close of Rs. 23.1. The total number of shares traded during the day was 326 in over 11 trades.

The stock hit an intraday high of Rs. 23 and intraday low of 23. The net turnover during the day was Rs. 7498.

Source : Equity Bulls

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