Tinna Rubber and Infrastructure Ltd to set up new line of Operation in Existing Plant at Panipat

Tinna Rubber and Infrastructure Limited is embarking on an exciting new venture. The company announced the introduction of a new plant at its existing Panipat facility dedicated for the production of Thermo Plastic Elastomer (TPE).

In light of the prevailing issue of plastic pollution that our nation faces, Tinna Rubber and Infrastructure Limited has perceived this challenge as an opportunity for innovation. With a deep-rooted commitment to sustainable practices, the company has taken the bold step of establishing its first plant to manufacture Composite Polymer. This innovative facility will employ waste plastic and waste rubber as raw materials, transforming them into valuable resources.

The plant's impressive capacity allows for the processing of an estimated 6,000 tons annually. Approximately 60% of this volume will comprise various plastic wastes while the remaining 40% will consist of Crumb Rubber derived from discarded tires. By utilizing these materials, the company will actively contribute to the reduction of environmental harm caused by plastic and rubber waste. This new plant represents a substantial leap towards achieving our sustainability goals in manufacturing specialized materials moving up to value chain.

The company expects to commission the plant by end of Quarter four of this Financial Year.

Shares of Tinna Rubber and Infrastructure Limited was last trading in BSE at Rs. 514.60 as compared to the previous close of Rs. 524.00. The total number of shares traded during the day was 8065 in over 399 trades.

The stock hit an intraday high of Rs. 530.90 and intraday low of 504.00. The net turnover during the day was Rs. 4178842.00.

Source : Equity Bulls

Keywords

TinnaRubberandInfrastructure INE015C01016 NewPlant Panipat ThermoPlasticElastomer