Jay Bharat Maruti Limited to invest in 2 new manufacturing plants in Haryana and Gujarat

Jay Bharat Maruti Limited (BSE: 520066 & NSE Code: JAYBARMARU) will be setting up 2 new manufacturing plants in the state of Haryana and Gujarat to cater to the requirements of its key customer Maruti Suzuki in both the regions. These plants will be commissioned at Kharkhoda, Sonipat in Haryana and SMG Suppliers' Park in Gujarat.

The new plant at Kharkhoda, Sonipat in Haryana will provide capacity enhancement so as to meet the requirements of Maruti Suzuki's new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025. Jay Bharat Maruti Ltd. will also be setting up an assembly facility in the new Gujarat facility for supplying auto assemblies.

Jay Bharat Maruti Ltd. will invest Rs. 300-350 crores approx. in a phased manner in line with its customer's growth strategy.

Shares of Jay Bharat Maruti Limited was last trading in BSE at Rs. 172.95 as compared to the previous close of Rs. 165.25. The total number of shares traded during the day was 9155 in over 233 trades.

The stock hit an intraday high of Rs. 173.80 and intraday low of 168.80. The net turnover during the day was Rs. 1577621.00.

Source : Equity Bulls

Keywords

JayBharatMaruti INE571B01028 NewManufacturingPlants Haryana Gujarat