Osiajee Texfab Ltd's subsidiary starts plantation of Poplar and Eucalyptus trees

Osiajee Texfab Limited's wholly owned subsidiary company namely, Osiajee Agro Farms Limited has started the plantation of Poplar and Eucalyptus trees and cultivation of other crops (fruits and vegetables) over a land parcel of about 150 acres in Hoshiarpur district of Punjab.

This is in line with the planned agro farming initiative of Osiajee Agro Farms Limited, the wholly owned subsidiary of the Company which envisage to plant about 5,50,000 trees in a span of 2 years on the aforesaid land. The produce of these plantations will be sold to nearby plywood industry as well as other wood based manufacturers.

Shares of Osiajee Texfab Ltd was last trading in BSE at Rs. 65.85 as compared to the previous close of Rs. 62.80. The total number of shares traded during the day was 775143 in over 1385 trades.

The stock hit an intraday high of Rs. 65.90 and intraday low of 60.90. The net turnover during the day was Rs. 50867027.00.

Source : Equity Bulls

Keywords

OsiajeeTexfab INE186R01013 OsiajeeAgroFarms Plantation Poplar Eucalyptus TreePlantation