Vertex Spinning Ltd announced the company's newest offering, the NARDHANA VERTEX INTEGRATED TEXTILES PARK at a high profile meet with the Nasik Industries and Manufacturers' Association or NIMA, and the Association of Real Estate Consultants or AREC in Nasik. The announcement took with Mr. Suresh Sharma the Chief Guest along with Special Guests, NIMA President, Mr. Madhukar Brahmankar, and AREC President, Mr. Deepak Kalwit presiding over the meet held on September 07, 2009, at the Institute of Engineering, Nasik.
Mr. Suresh Sharma answered several questions with regards to the Textile Park at Nardhana after announcing the formal opening. He went on to state that arrangements have been successfully made for a 5 Mega Watt High Tension Electricity Connection. He further stated that arrangements to provide water for the park from the TAP! River with the use of a dam have also been successfully made in association with the MIDC. He also went on to state that the project which commenced in the year 2006 was delayed due non-availability of water and power from Government departments and other land policy disputes, now continues to be on schedule, and expects to be completed by mid 2011 as per plans.
The stock was trading at Rs.5.53, down by Rs.0.29 or 4.98%. The stock hit an intraday high of Rs.5.86 and low of Rs.5.53.
The total traded quantity was 255032 compared to 2 week average of 389713.
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