Suraj Products Ltd to invest Rs. 20 crores for Ferro Alloys Manufacturing facility

The Board of directors of Suraj Products Ltd has approved investment of Rs 20 Cr for setting up a Ferro alloy manufacturing facilities at the existing premises using Patented Technology developed by MR Y K Dalmia, Managing Director of the Company, for which Environment Clearance has been received. This is expected to be commissioned in Q4 FY23 and is likely to add 100 Cr to turnover in full year of operation.

Shares of SURAJ PRODUCTS LTD. was last trading in BSE at Rs. 119.30 as compared to the previous close of Rs. 117.70. The total number of shares traded during the day was 2283 in over 35 trades.

The stock hit an intraday high of Rs. 122.90 and intraday low of 112.00. The net turnover during the day was Rs. 271254.00.

Source : Equity Bulls

Keywords

SURAJPRODUCTS INE069E01019 ExpansionProject FerroAlloys EnvironmentClearance