NELCAST Ltd had earlier announced regarding setting up of a Greenfield Project for manufacture of Iron Casting at Pedapariya in Andhra Pradesh. The company has now completed the Phase II of the project and started the commercial production today. After successful completion of initial trial runs, the commercial production has been started today. The capacity of the Phase II of the project is 42000 MT per annum.
Shares of NELCAST LTD. was last trading in BSE at Rs.56.75 as compared to the previous close of Rs. 55.1. The total number of shares traded during the day was 2706 in over 79 trades.
The stock hit an intraday high of Rs. 57.5 and intraday low of 55. The net turnover during the day was Rs. 153186.