Borosil Ltd's factory at Tarapur is engaged in manufacturing products pertaining to the Scientific and Industrial Products business. To have better integration and operational efficiencies, the Company is shifting the entire operations of Tarapur factory to its other factory situated in Bharuch, Gujarat, which is also involved in manufacturing products similar to the products manufactured in Tarapur.
The process of shifting is likely to be completed in the next 2 to 3 weeks. As it is merely shifting of operations from one location to another, there will be no impact on the turnover and net worth of the Company.
Shares of Borosil Limited was last trading in BSE at Rs. 330.15 as compared to the previous close of Rs. 337.75. The total number of shares traded during the day was 16280 in over 515 trades.
The stock hit an intraday high of Rs. 335.20 and intraday low of 329.00. The net turnover during the day was Rs. 5421375.00.