GMM Pfaudler plans to expand its manufacturing footprint in Telangana

The senior management team of GMM Pfaudler Ltd led by Mr. Thomas Kehl, CEO-International Business met with the Telangana Minister for Industries, Mr. KT Rama Rao, Mr. Jayesh Ranjan, Principal Secretary and Mr. Shakthi Nagappan, Director for Life Sciences and Pharma at the World Economic Forum in Davos, Switzerland. During the meeting the management of GMM Pfaudler reiterated its commitment to increase their manufacturing footprint in the state and expressed their interest to partner with the Telangana State Government in the upcoming Hyderabad Pharma City.

Mr. KT Rama Rao said that, "I'm delighted to note about the phenomenal growth of GMM Pfaudler in Hyderabad and its expansion plans- I'm sure that the Hyderabad operations will continue to play a pivotal role in the global aspirations of GMM Pfaudler."

Mr. Thomas Kehl added, "Our Hyderabad facility will play an important role. We will continue to invest in the plant to cater to the fast growing API Industry and are confident of strengthening our leadership position in the region supported by the business-friendly Telangana State Government."

Shares of GMM Pfaudler Limited was last trading in BSE at Rs. 4367.40 as compared to the previous close of Rs. 4511.30. The total number of shares traded during the day was 4624 in over 1689 trades.

The stock hit an intraday high of Rs. 4560.00 and intraday low of 4250.00. The net turnover during the day was Rs. 20113077.00.

Source : Equity Bulls

Keywords

GMMPfaudler INE541A01023 Expansion ManufacturingUnit HyderabadPharmaCity Telangana