Aether Industries Ltd commercializes manufacturing site 3

Aether Industries Limited has commercialized manufacturing site 3 at Plot No. 8202/1, Road No. 8, GIDC Industrial Estate, Sachin, Surat-394230, Gujarat, India.

The total CAPEX planned for the site is around Rs. 190 Cr., off which Rs. 163 Cr. has been raised from the IPO that we concluded in June 2022 and remaining Rs. 27 Cr. funded from internal accruals. The trial runs have been started off as we kick off today and the commercial production of the plant will start within next ten days from today.

The Manufacturing Site 3 will add capacities to the north of 3500 MT per annum for production of our five new specialty chemicals / intermediates for the Pharma Sector, which will be launched here.

Shares of Aether Industries Limited was last trading in BSE at Rs. 864.30 as compared to the previous close of Rs. 860.45. The total number of shares traded during the day was 1584 in over 496 trades.

The stock hit an intraday high of Rs. 871.60 and intraday low of 857.15. The net turnover during the day was Rs. 1369064.00.

Source : Equity Bulls

Keywords

AetherIndustries SpecialtyChemicals INE0BWX01014 ManufacturingSite3 Commercialized