Nureca Ltd board approves expansion plan

The Board of directors of Nureca Ltd has approved the plan for purchasing land located in India for building manufacturing, Research and Development and Warehousing/Storage facilities. The company will plan to set up the industry in any state of India where the company will get maximum benefits from any state and central governments for all incentives and subsidies that may be available to strengthen company's business which will contribute to optimizing the company's financial efficiency and help in achieving company's strategic objectives and long-term growth plans.

The Board approved a total investment of upto Rs. 30 Crores for such purchase of land, building manufacturing, Research and Development and Warehousing/Storage facilities.

Shares of Nureca Limited was last trading in BSE at Rs. 261.80 as compared to the previous close of Rs. 269.90. The total number of shares traded during the day was 1225 in over 78 trades.

The stock hit an intraday high of Rs. 275.00 and intraday low of 261.00. The net turnover during the day was Rs. 325173.00.

Source : Equity Bulls

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