Modison Metals Ltd plans to expand and modernized its HV & LV plants at Vapi. This modernisation could be green or brown field and is under feasibility at this stage. The intention is to create more modern, automated and high productive factories in line with best in class global benchmarks. The Company has been increasing it's global reach and penetration continuously and this expansion & modernization will help it to be ahead of the curve. The total estimated expense could be in the range of Rs. 25 crores.
Shares of MODISON METALS LTD. was last trading in BSE at Rs.31.5 as compared to the previous close of Rs. 31.1. The total number of shares traded during the day was 1496 in over 20 trades.
The stock hit an intraday high of Rs. 31.9 and intraday low of 31. The net turnover during the day was Rs. 47366.