Tinna Rubber and Infrastructure Ltd acquires land at Palghar district for new plant

Tinna Rubber and Infrastructure Limited has recently entered into an Agreement for Purchase of Land to establish a new manufacturing unit at Village Varle, Taluka Wada, District Palghar, Maharashtra-421303. This state-of-the-art Greenfield plant, will have the capacity to process 60,000 tons of Old Used Tyres, Annually. This new plant is situated at about 5 km from existing Wada Plant.

This expansion is being done in addition to the current capacity of 90,000 tons of old used tyre recycling which is spread across India & it is being operated from four location.

The establishment of this new manufacturing unit aligns with the vision of the Government and society towards circularity in the economy and industry, emphasizing the use of sustainable raw materials.

As a company committed to sustainability and recycling operations, this expansion will enable us to further contribute towards a greener future. 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 LandPurchase NewManufacturingUnit Palghar