Ddev Plastiks Industries Ltd commissions new unit at Bhiwandi

Ddev Plastiks Industries Limited has commenced the commercial operation of new XLPE and allied products Manufacturing unit at Bhiwandi, Rajasthan.

The commencement of this unit is expected to enhance the production capacity of XLPE, company's niche product, enable expansion of geographic presence and cater to growing customer demand, thereby supporting the Company's longterm growth. The new unit is expected to contribute to additional revenue generation of approximately Rs. 500 crores, subject to favourable market conditions and optimal capacity utilisation.

Shares of Ddev Plastiks Industries Ltd was last trading in BSE at Rs. 253.70 as compared to the previous close of Rs. 249.20. The total number of shares traded during the day was 7572 in over 244 trades.

The stock hit an intraday high of Rs. 256.00 and intraday low of 248.65. The net turnover during the day was Rs. 1916867.00.

Source : Equity Bulls

Keywords

DdevPlastiksIndustries INE0HR601026 SpecialtyChemicals CommercialOperations XLPE AlliedProducts NewManufacturingFacility Bhiwandi