Mohit Industries acquires 4.5 acres in Palghar District, Thane

Mohit Industries Ltd has announced that the Company has purchased 4.5 acre land for Rs 95 Lacs in PALGHAR DISTRICT, THANE for the Aerated Autoclaved Concrete Plant. The Company plans to start commercial production of "AAC BLOCKS" by November 2008. The Company will enjoy location advantage as fly ash which is major raw material will be available from Reliance Energy Power Plant at Dahanu which is only 30 KMS from this location moreover Mumbai, which is the biggest market for this product is about 100 KMS.

The stock was trading at Rs.13.75, down by Rs.0.40 or 2.83%. The stock hit an intraday high of Rs.14.60 and low of Rs.13.05.

The total traded quantity was 21187 compared to 2 week average of 18630.

Source : Equity Bulls

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