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Subros Limited formally inaugurates its 9th state-of-the-art manufacturing plant

Posted On: 2019-11-20 12:26:58


Subros Limited today formally inaugurated its 9th state-of-the-art manufacturing plant. The new plant was inaugurated by Mr. Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India Limited, Mr. Fumitaka Taki, Chairman and Managing Director, DENSO International India Pvt. Ltd and Mr. Ramesh Suri, Chairman, Subros Limited in the presence of Dr Jyotsna Suri, Director, Subros Limited & CMD Bharat Hotel Ltd, Mr Motohiro Atsumi, Managing Director, Suzuki Motor Gujarat Pvt. Ltd, Mrs Shradha Suri, Managing Director, Subros Limited and senior management of Maruti Suzuki, Suzuki Motor and DENSO.

The Greenfield plant has been set-up at Village Karsanpura, Taluka Mandal, District Ahmedabad in Gujarat. The Phase-1 of the project now stands completed.

The production and supply of automotive air-conditioning parts and Engine Cooling Modules will be ramped-up in accordance with the requirement of the customers. The new plant will further enhance the Company's ability to supply to the customers in the region and to bring in innovative products to cater to the changing customer requirements apart from de-risking initiative.

Shares of SUBROS LTD. was last trading in BSE at Rs.251.1 as compared to the previous close of Rs. 252.25. The total number of shares traded during the day was 2821 in over 248 trades.

The stock hit an intraday high of Rs. 258.55 and intraday low of 251.1. The net turnover during the day was Rs. 719498.


Source: Equity Bulls

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