Glen Industries Limited performs Bhumi Pujan for new project

Glen Industries Limited has performed the Bhumi Pujan (groundbreaking ceremony) for its upcoming project. As part of our growth strategy, the new manufacturing facility will enable us to expand production capacity. At the new facility, the company will manufacture three types of products namely:

(i) Paper Cups,
(ii) Plastic Food Containers by Injection and
(iii) Plastic Food Containers by Thermoforming.

This marks the commencement of the development of the said project, and further updates regarding progress and milestones will be communicated to the Stock Exchange as and when necessary in compliance with the applicable regulations.

Shares of Glen Industries Limited was last trading in BSE at Rs. 104.05 as compared to the previous close of Rs. 103.50. The total number of shares traded during the day was 55200 in over 42 trades.

The stock hit an intraday high of Rs. 105.10 and intraday low of 101.50. The net turnover during the day was Rs. 5673180.00.

Source : Equity Bulls

Keywords

GlenIndustries INE0UMC01019 Packaging BhumiPujan NewProject Expansion ProductionCapacity