Lumel SA, wins European Union Project for Co-Financing

Rishabh Instruments Limited's ("the Company") Material Subsidiary i.e. Lumel Spólka Akcyjna's ("Lumel SA") situated in Zielona Gora, Poland has won a Project for Co-Financing under Support for Entrepreneurs, SMART Path, call for proposals FENG.01.01-IP.01-001/23, European Funds for the Modern Economy 2021-2027. The execution of this project will be over the course of next two years. This Co-Financed Project will involve investment in Additional Surface Mount Technology (SMT) Line, Online Automated Optical Inspection (AOI), X-Ray Devices to ensure reliability, quality and miniaturization of SMT Processes involving components like BGA to deliver next generation of Digital Metering Devices.

Shares of Rishabh Instruments Limited was last trading in BSE at Rs. 533.90 as compared to the previous close of Rs. 487.65. The total number of shares traded during the day was 103196 in over 4106 trades.

The stock hit an intraday high of Rs. 554.95 and intraday low of 483.00. The net turnover during the day was Rs. 54519447.00.

Source : Equity Bulls

Keywords

RishabhInstruments INE0N2P01017 ElectricalEquipment EuropeanUnionProject CoFinancing LumelSA