The Board of Directors of OMAX Autos Ltd at its meeting held today i.e. on 3rd December, 2018, approved the proposal for setting up a new industrial unit for manufacture and supply of 'Long Member' at or around Raibarelli, Uttar Pradesh.
The proposed capacity is to be added within 3 years at an investment of Rs. 165 cr. approx. 50% of the investment would be funded through Equity and remaining 50% through external borrowings.
Shares of OMAX AUTOS LTD. was last trading in BSE at Rs.77.05 as compared to the previous close of Rs. 76.25. The total number of shares traded during the day was 545 in over 5 trades.
The stock hit an intraday high of Rs. 79.25 and intraday low of 75.1. The net turnover during the day was Rs. 42950.