Lumax Industries Limited approves expansion projects

The Board of Directors of Lumax Industries Limited , at their Meeting held on Tuesday, March 12, 2024, have considered and approved the setting up of Company's New Manufacturing Facility at Sanand (Plant-3), Gujarat. This project will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by Q1 ofFY2024-25.

The board also approved expansion of Chakan Plant (Phase-II) at Pune. This project will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by Q3 of FY2024-25.

Shares of Lumax Industries Limited was last trading in BSE at Rs. 2238.15 as compared to the previous close of Rs. 2257.00. The total number of shares traded during the day was 533 in over 154 trades.

The stock hit an intraday high of Rs. 2303.95 and intraday low of 2191.95. The net turnover during the day was Rs. 1195485.00.

Source : Equity Bulls

Keywords

LumaxIndustries INE162B01018 ExpansionProjects NewManufacturingFacility Sanand ChakanPlant Phase2