Century Textiles to setup tissue paper plant

Century Textiles & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on May 03, 2007, has been decided to set up a 100 tonnes per day Prime Grade Tissue Paper Plant at a total capital outlay of Rs 175 crore. The paper plant is proposed to be installed adjacent to the existing Pulp and Paper Plant at Lalkua, Dist. Nainital, Uttarakhand and is expected to be operational by about September, 2008.

The stock closed the day at Rs.617, up by Rs.8.25 or 1.36%. The stock hit an intraday high of Rs.629.90 and low of Rs.614. The total traded quantity was 979781 shares compared to 2 week average of 642715.

Source : Equity Bulls

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