Hero MotoCorp Commences Construction of its New Plant & Global Parts Centre

Hero MotoCorp Ltd has commenced construction of its fourth manufacturing plant and a new Global Parts Centre (GPC) at Neemrana in the northern Indian state of Rajasthan.

The company will invest a total of Rs.550 crore in setting up the fourth manufacturing plant and the GPC. Both the facilities are expected to be operational towards the end of the financial year (FY) 2013-14.

The Hero MotoCorp Ltd stock closed the day at Rs.1846.35, up by Rs.11 or 0.60%. The stock hit an intraday high of Rs.1855 and low of Rs.1820.

The total traded quantity was 1.60 lakhs compared to 2 week average of 0.36 lakhs.

Source : Equity Bulls

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