Endurance Technologies Ltd to add additional capacity for machined aluminium die-casting components

Endurance Technologies Limited has evaluated and approved capacity addition for aluminium die casting and machining of automotive components, primarily to cater to electric two-wheelers. The capacity expansion shall be at its existing manufacturing facilities at plot nos. K-227 and L-20 at Waluj, Aurangabad. The estimated investment towards capex is ~Rs. 370 million.

The existing capacit of 10,000 sets per month is running at a capacity utilization of 98% and the proposed capacty addition is 30,000 sets per month, which will be completed by May 2024.

The capex amount will be funded through nternal accruals. THe capacity addition will be to meet the increase in demand from OEM customers.

Shares of Endurance Technologies Limited was last trading in BSE at Rs. 1976.60 as compared to the previous close of Rs. 1989.05. The total number of shares traded during the day was 1654 in over 377 trades.

The stock hit an intraday high of Rs. 2013.00 and intraday low of 1969.35. The net turnover during the day was Rs. 3303074.00.

Source : Equity Bulls

Keywords

EnduranceTechnologies INE913H01037 AdditionalCapacity AluminiumDieCastingComponents