The Board of Directors of Minda Industries Ltd in their meeting held today i.e. 5 November, 2018, has also approved the investment for setting up a new manufacturing plant of controller and telematics for 2W and 4W in Pune, Maharashtra, for supplies to OEMs.
The outlay of the project is approved for Rs. 76.52 Crores. It will be the business division of Minda Industries Limited and will operate in tandem with i-SYS to maximize synergies. The start of production is expected by Q3, 2019-20.
Shares of MINDA INDUSTRIES LTD. was last trading in BSE at Rs.344 as compared to the previous close of Rs. 340.2. The total number of shares traded during the day was 29386 in over 1302 trades.
The stock hit an intraday high of Rs. 350 and intraday low of 335. The net turnover during the day was Rs. 10033481.