Dynamic Cables Limited board approves expansion plan

The Board of Directors of Dynamic Cables Limited at their meeting held today i.e Saturday, September 09, 2023 has considered and approved the expansion plan of the Plant situated at A-129, A-129A, A-130, SKS Industrial Area, Reengus, Tehsil Shree Madhopur, Distt.,Sikar-332404, Rajasthan.

The board also approved purchase of land ad measuring 25091.00 sq. meters from Shiv Kripa Pipes Private Limited (Related Party of the Company) situated at Plot No A-129, A-129A, A-130 SKS Industrial Area, Reengus, District Sikar (Rajasthan).

The proposed expansion at its Reengus plant will increase the annual capacity by up to 5,000 KMS of cables and speciality conductors depending upon their specifications.

Shares of Dynamic Cables Ltd was last trading in BSE at Rs. 471.30 as compared to the previous close of Rs. 462.40. The total number of shares traded during the day was 2069 in over 138 trades.

The stock hit an intraday high of Rs. 475.00 and intraday low of 462.40. The net turnover during the day was Rs. 968902.00.

Source : Equity Bulls

Keywords

DynamicCables INE600Y01019 ExpansionPlan