HG Industries Ltd expects to commence commercial production of new plant in June 2023

HG Industries Ltd has announced updates in respect of setting up of greenfield project for manufacturing of 18.9 million square meter plywood per annum at Tindivanam, Tamil Nadu by the Company. The consent for establishment has been obtained, major civil construction work has been completed, order for procurement of equipment has been placed, all major equipment has been delivered at the project site and installation of the same are nearing completion. The project is expected to commence commercial production in June 2023.

Shares of HIMALAYA GRANITES LTD. was last trading in BSE at Rs. 118.65 as compared to the previous close of Rs. 113.00. The total number of shares traded during the day was 626 in over 9 trades.

The stock hit an intraday high of Rs. 118.65 and intraday low of 111.50. The net turnover during the day was Rs. 74193.00.

Source : Equity Bulls

Keywords

HGIndustries INE464C01024 GreenfieldProject PlywoodManufacturing Tindivanam CommercialProduction