New Hyderabad plant starts commercial supplies with 3 new customer approvals

Inflame Appliances Ltd had in previous business updates indicated the kick-starting of commercial production at the Hyderabad manufacturing facility by July 2023.

In line with this we are happy to share that three customers have audited and approved our new Hyderabad facility to meet their supply needs in chimneys (kitchen appliances). Two of these are prestigious partner brands for whom we are already manufacturing and supplying our range of kitchen appliances while the third prestigious brand has partnered with us for the first time to meet their needs for kitchen appliances. We have also started commercial supplies to two of these partner brands post the approval while supplies to the third one are expected to start shortly.

We are also targeting to start supplies to three more brands over the next 2-3 weeks, taking the initial total customers to 6 for the new facility, within a short span of time.

Shares of Inflame Appliances Ltd was last trading in BSE at Rs. 657.30 as compared to the previous close of Rs. 669.90. The total number of shares traded during the day was 5000 in over 20 trades.

The stock hit an intraday high of Rs. 684.35 and intraday low of 642.20. The net turnover during the day was Rs. 3293712.00.

Source : Equity Bulls

Keywords

InflameAppliances INE464Z01017 Hyderabad ManufacturingFacility CommercialProduction