Shivam Autotech Ltd inaugurates new plant at Bengaluru

Shivam Autotech Ltd has successfully inaugurated its new plant at Bengaluru.

The company, one of the leading manufacturers of transmission gears and splined shafts are now extending their manufacturing base in South India. The Company has set up its fourth plant at Vemagal Industrial Area, near Bengaluru. The state-of-the-art plant has been inaugurated by Shri Siddaramaiah, Hon'ble Chief Minister, Government of Karnataka on September 08, 2015.

This plant will cater to the requirements of companies like Bosch, Mando, INEL, for four wheeler components of alternators, starter motor, electronic steering systems, etc. This initiative of the Company is a step forward towards achieving Make in India campaign. This manufacturing unit will focus on import substitutes which will enable them to save the precious foreign exchange for the country as well as will cater to export market.

Shares of SHIVAM AUTOTECH LTD. was last trading in BSE at Rs.132.3 as compared to the previous close of Rs. 132.7. The total number of shares traded during the day was 12383 in over 229 trades.

The stock hit an intraday high of Rs. 133.1 and intraday low of 126.5. The net turnover during the day was Rs. 1610722.

Source : Equity Bulls

Keywords