Precision Wires India Ltd updates on expansion project at Silvassa

Precision Wires India Limited has announced updates regarding status of Expansion / Modernization Project at Silvassa:

- Almost all the orders for the equipment's have been placed. Civil works have been completed. Some of the equipment's have arrived and others are in the pipeline. Commercial production is expected to start from March 2023 onwards until end of 2023 in stages/phases.

- The Company has recently been sanctioned a Term Loan of Rs 35 crores for the above Expansion/Modernization Project. Documentation and other formalities thereof are in progress.

Shares of Precision Wires India Limited was last trading in BSE at Rs. 68.30 as compared to the previous close of Rs. 65.55. The total number of shares traded during the day was 21216 in over 455 trades.

The stock hit an intraday high of Rs. 69.50 and intraday low of 65.05. The net turnover during the day was Rs. 1440631.00.

Source : Equity Bulls

Keywords

PrecisionWiresIndia INE372C01029 Expansion Modernization Silvassa StatusUpdate