Stylam lndustries Ltd starts expansion to increase capacity by 40%

The board of directors of Stylam lndustries Limited took note of the fact that the company has reached 80% capacity utilization in the laminates business and that the company has now started modular expansion at the existing facilities that will further increase the capacity by 40% and the expansion shall entail a total investment of Rs 40 Crores.

Shares of Stylam Industries Limited was last trading in BSE at Rs. 1052.80 as compared to the previous close of Rs. 1024.80. The total number of shares traded during the day was 1189 in over 260 trades.

The stock hit an intraday high of Rs. 1065.00 and intraday low of 1011.85. The net turnover during the day was Rs. 1239579.00.

Source : Equity Bulls

Keywords

StylamIndustries INE239C01020 CapacityExpansion INR40crores