Vivanta Industries Ltd receives LOI for execution of turnkey project in Uganda

Vivanta Industries Ltd has received a Letter of Intent from Vitaanova Healthcare Uganda Limited, Uganda dated 21st December, 2021 for execution of a pharmaceutical project for manufacturing tablets, capsules and oral liquids on a turnkey basis including planning, designing, engineering, construction, supply, installation and commissioning of plant and machinery along with obtaining WHO approval. The entire project with an aggregate value of USD 5.9 million (approximately Indian Rs. 44.60 Crore) is to be completed within a period of 18 months from the date of signing the contract.

Shares of Vivanta Industries Ltd was last trading in BSE at Rs. 27.05 as compared to the previous close of Rs. 26.15. The total number of shares traded during the day was 20220 in over 121 trades.

The stock hit an intraday high of Rs. 27.45 and intraday low of 24.85. The net turnover during the day was Rs. 538574.00.

Source : Equity Bulls

Keywords

VivantaIndustries INE299W01014 LOI OrderWin Uganda PharmaceuticalProject