Mold-Tek Packaging Ltd to inaugurate Pharma Division at Sultanpur, Telangana unit

The Pharma Division at Mold-Tek Packaging Limited's existing unit situated at Sultanpur, Telangana, India, will be inaugurated on Saturday, the 6th day of January, 2024, at 02:10 p.m. (IST) in the august presence of Mr. J. Lakshmana Rao, Chairman and Managing Director and other esteemed Directors and Officials of the Company.

Further, the Commercial Production / Commercial Operations at the said Pharma Division of Sultanpur unit will commence on or before 31st March, 2024.

The total existing capacity of the Company is at 47,290 MTA and the proposed addition is 1,500 MTA at an outlay of Rs. 45 crores which is funded through debt and retained earnings.

It is a new vertical to cater to the demand of the Pharma Packaging.

Shares of Mold-Tek Packaging Limited was last trading in BSE at Rs. 910.20 as compared to the previous close of Rs. 929.80. The total number of shares traded during the day was 8569 in over 1281 trades.

The stock hit an intraday high of Rs. 937.85 and intraday low of 907.45. The net turnover during the day was Rs. 7881632.00.

Source : Equity Bulls

Keywords

MoldTekPackaging INE893J01029 PharmaDivision ExpanionProject