Sangam India Ltd board approves expansion program at Unit-II

The Board of Directors has approved the proposed expansion program for installation of 32832 spindles for manufacture of cotton yarn at Spinning Unit-II, Village Sareri Bhilwara (Raj.], The Total cost of the project will be Rs. 137.25 Crore which proposed to be funded partly by Term Loans of Rs. 102 Crore and balance by internal accrua1s.

Shares of SANGAM (INDIA) LTD. was last trading in BSE at Rs.143.95 as compared to the previous close of Rs. 139.55. The total number of shares traded during the day was 12568 in over 212 trades.

The stock hit an intraday high of Rs. 145.8 and intraday low of 134.05. The net turnover during the day was Rs. 1730528.

Source : Equity Bulls

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