Shiva Texyarn Limited board approves capex of Rs. 20 crore

The Board of Directors of Shiva Texyarn Limited at its meeting held on Saturday, 13th November 2021 has given in principle approval for the purchase of Wind Power from M/s. L K Distributors Private Ltd under 'Captive Generator-Captive user' arrangement after the acquisition of minimum equity stake of 26% (with upper limit of acquisition up to 40%) of M/s. L K Distributors Private Ltd subject to the approval of the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) / concerned authorities of State of Tamil Nadu.

The board also gave in principle approval for the capital expenditure of Rs.2000 Lakhs for the Processing Division of the Company.

Shares of Shiva Texyarn Limited was last trading in BSE at Rs. 205.85 as compared to the previous close of Rs. 205.75. The total number of shares traded during the day was 406 in over 94 trades.

The stock hit an intraday high of Rs. 216.55 and intraday low of 198.20. The net turnover during the day was Rs. 84558.00.

Source : Equity Bulls

Keywords

ShivaTexyarnLimited INE705C01020 SHIVATEX Textiles Capex TANGEDCO