KSB Pumps Ltd to expand operations

KSB Pumps Ltd has plans to expand its operations in next few years by setting up new plant preferably near its existing location and is in the process of finalizing specific location and land for this purpose. The Company plans to undertake construction of the plant in a phased manner over next 5 years to achieve the required capacity. The commencement of commercial production is planned in a phased manner from year 2017 onwards. The Capital expenditure to be incurred over the phased expansion is estimated to be around Rs.250 Crores partly from internal generation and balance from borrowings.

The Proposed new facility will be utilized for Manufacturing of High End Engineered pumps for Super Critical Thermal Power Plants.

These products will be manufactured by the Company as a part of "Make in India" initiative under a technology transfer and license agreement with KSB AG, Germany.

Shares of KSB PUMPS LTD. was last trading in BSE at Rs.611.5 as compared to the previous close of Rs. 611. The total number of shares traded during the day was 1303 in over 164 trades.

The stock hit an intraday high of Rs. 622 and intraday low of 598.25. The net turnover during the day was Rs. 796699.

Source : Equity Bulls

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