SAT Industries Ltd updates on investment plan of Sah Polymers Ltd

The Board of Directors of SAT Industries Ltd ('the Board') at the meeting held today i.e., 23'4 July 2021, have approved the investment plan of Sah Polymers Limited, a material subsidiary, which is making foray into the manufacturing of Flexible Intermediate Bulk Containers (FIBC) with an investment of Rs.5,500/- lakhs in phases. In the first phase it is putting up a plant with an investment of Rs. 2,750/- lakhs having an annual installed capacity of 3,960 MT. The project will be partly financed by the equity capital and partly by borrowings. To raise equity Sah Polymers Limited will enter into the capital market through Initial Public Issue (IPO).

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs. 31.55 as compared to the previous close of Rs. 31.4. The total number of shares traded during the day was 99241 in over 199 trades.

The stock hit an intraday high of Rs. 32.4 and intraday low of 31. The net turnover during the day was Rs. 3156940.

Source : Equity Bulls

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