GRP Limited commences commercial production of Crumb Rubber

GRP Limited has announced that Commercial production of 'Crumb Rubber' has been started on Monday, 24th March, 2025 at our new manufacturing unit situated at Plot No. D-16, MIDC Industrial Area, Chincholi, Solpaur-413255.

The investment of Rs. 25 crores was raised through Borrowings - Rs. 18 crores and Internal accruals - Rs. 7 crores.

The capacity of Crumb Rubber is created to cater to the growing demand of this product in various applications like Reclaim Rubber, Tyre Pyrolysis, Tyres, Road Surfacing, and Rubber Goods.

Shares of GRP Limited was last trading in BSE at Rs. 2750.40 as compared to the previous close of Rs. 2695.15. The total number of shares traded during the day was 359 in over 73 trades.

The stock hit an intraday high of Rs. 2843.40 and intraday low of 2718.00. The net turnover during the day was Rs. 999527.00.

Source : Equity Bulls

Keywords

GRP INE137I01015 CrumbRubber CommercialProduction MIDC Chincholi