GRP Ltd. has signed a manufacturing and supply agreement with a USA based company. The agreement is for exclusive manufacture, process and supply of composite products.
The manufacturing facility will be set up at one of the existing GRP plants in Maharashtra and is expected to commence before end of this financial year. The investment in the equipment for the venture is estimated at Rs. 220 lakhs.
Shares of GRP LTD. was last trading in BSE at Rs.1740 as compared to the previous close of Rs. 1765.65. The total number of shares traded during the day was 1 in over 1 trades.
The stock hit an intraday high of Rs. 1740 and intraday low of 1740. The net turnover during the day was Rs. 1740.