Supreme Petrochem Ltd updates on expansion project

Supreme Petrochem Ltd has undertaken Project for manufacture of Mass Acrylonitrile Butadiene Styrene (mABS) at Village Amdoshi-Wangani, District Raigad, Maharashtra (India), with two Lines of 70 KTA each, aggregating 140 KTA. Line I is scheduled to go on stream by June 2024 and Line II is planned for completion by March 2025. The Company has already entered into an agreement for License and Basic Engineering Design for Line I of 70 KTA with M/s Vesralis-Eni Chemicals Group. The total project cost for both Lines shall be funded from the own funds of the Company.

Shares of Supreme Petrochem Limited was last trading in BSE at Rs. 714.35 as compared to the previous close of Rs. 715.50. The total number of shares traded during the day was 2907 in over 512 trades.

The stock hit an intraday high of Rs. 724.00 and intraday low of 709.00. The net turnover during the day was Rs. 2080247.00.

Source : Equity Bulls

Keywords

SupremePetrochem INE663A01017 SUPPETRO ExpansionProject mABS