Mahindra Ugine Steel Company Ltd has approved the proposal of incurring a capital expenditure of about Rs. 36.65 crores for setting up of new manufacturing unit of its Stamping Division in Pantnagar near Rudrapur, Uttarakhand.
The proposed new stamping unit is being set up to meet the demand of stamping Components of automotive business situated in and around Pantnagar and Rudrapur like Tata Motors Ltd, Mahindra & Mahindra Auto Sector and Mahindra & Mahindra Farm Equipment Sector, etc.
The stock was trading at Rs.65.50, down by Rs.0.30 or 0.46%. The stock hit an intraday high of Rs.67 and low of Rs.65.20.
The total traded quantity was 29925 compared to 2 week average of 147507.