Supershakti Metaliks Ltd updates on investment in Giridhan Metal Pvt Ltd

The Board of directors of Supershakti Metaliks Ltd in its meeting held today has deliberated about its investment made in promoter backed Company Giridhan Metal Private Limited which has already achieved COD (Commercial Operation Date) and started commercial production in full scale. Giridhan Metal Private Limited has requested for further funds for its business purpose and the Board has given its in principal approval to invest further upto Rs. 100 Crore in the said Company thus making it an Associate Company. Further, details about the investments will be shared in the due course.

Shares of Supershakti Metaliks Ltd was last trading in BSE at Rs. 445.00 as compared to the previous close of Rs. 460.00. The total number of shares traded during the day was 28800 in over 19 trades.

The stock hit an intraday high of Rs. 455.00 and intraday low of 445.00. The net turnover during the day was Rs. 12962700.00.

Source : Equity Bulls

Keywords

SupershaktiMetaliks INE00SY01011 GiridhanMetal CommercialProduction FurtherInvestment