Nitco Tiles to double production capacity at Alibaug Plant

Nitco Tiles Ltd has announced that the Company is planning to double its production capacity in at its ceramic tile plant in Alibaug, Maharashtra. The Company has planned a capital expenditure of Rs 80 crore to double its capacity up to 24,000 sq.mt a day from the existing 13,500 sq.mt.

The stock closed the day at Rs.224.35, down by Rs.4.90 or 2.14%. The total traded quantity was 5852 compared to 2 week average of 68415.

The stock hit an intraday high of Rs.233 and low of Rs.217.05.

Source : Equity Bulls

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