Associated Profiles commences trial production of Aluminium Conductors

Associated Profiles & Aluminium Ltd has announced that the Company has put up Aluminium Conductors Plant at the brown field area of its existing Aluminium Wire Rods manufacturing unit situated at Village; Khutli. Khanvel Dist.; Silvassa (UT of DNH). The Company has run trial production successfully and is planning commercial production during September 2007.

Further the Company has informed that, the Company has arranged part finance for the aforesaid new project from Bank(s) and part finance is arranged by the internal resources of the Company.

The stock closed the day at Rs.66.40, down by Rs.1.05 or 1.56%. The stock hit an intraday high of Rs.70.85 and low of Rs.65. The total traded quantity was 24316 compared to 2 week average of 46581.

Source : Equity Bulls

Keywords