Shree Rama Multi-Tech Limited approves capex

The Board of Directors of Shree Rama Multi-Tech Limited at its Meeting held on 15th October, 2024 has approved the Investment in form CAPEX towards Capacity expansion by purchase of Tubing Machines of latest technology to manufacture different size and dimensions of Tubes at a cost of Rs. 18 Crore approximately and to give appropriate authority to take the necessary steps in this regard.

The existing operational monthly capacity of 5.00 Crore Tubes and fully utilized.

The Proposed Capacity addition is 20% of existing capacity (around 95 Lac Tubes per month)

Shares of Shree Rama Multi-Tech Limited was last trading in BSE at Rs. 26.85 as compared to the previous close of Rs. 26.50. The total number of shares traded during the day was 24881 in over 28 trades.

The stock hit an intraday high of Rs. 26.90 and intraday low of 26.50. The net turnover during the day was Rs. 664253.00.

Source : Equity Bulls

Keywords

ShreeRamaMultiTech INE879A01019 Investment Capex