Kamdhenu Group resumes 80% of its Steel TMT bars manufacturing capacity

Kamdhenu Limited, a well-diversified group in steel and paint, has resumed around 80% of its production capacity of branded TMT bars from its franchisee manufacturing plants across India. These manufacturing plants are situated across the country including Odisha, Gujarat, Karnataka, Telangana Andhra Pradesh, Bihar, Goa, J&K, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, West Bengal, Jharkhand, MP, Northeastern region and other states.

"With the start of phase 3 of unlocking in India, we are expecting the gradual recovery of the economy in the coming months. We, at Kamdhenu Limited, have resumed effectively operations of around 80% at our steel TMT bars manufacturing units. At the same time we are also adhering to all the precautions at all our offices and manufacturing units such as social distancing, sanitization, wearing of hand gloves and other norms." said Mr. Satish Kumar Agarwal, CMD, Kamdhenu Group.

"The company is expecting to resume full operation across the country soon, we are working towards that," Mr Agarwal added.

Shares of Kamdhenu Ltd was last trading in BSE at Rs.78.9 as compared to the previous close of Rs. 76.15. The total number of shares traded during the day was 19794 in over 169 trades.

The stock hit an intraday high of Rs. 79.95 and intraday low of 72.75. The net turnover during the day was Rs. 1560593.

Source : Equity Bulls

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