Aro granite industries Ltd to commence commercial production of Quartz plant from Jan 18, 2021

Aro granite industries Ltd. has announced that the installation of the quartz plant has been completed and after the trial run, the Commercial production will commence from 18.01.2021. The new quartz plant is located in the existing unit at Hosur, Tamil Nadu and the shed area is 7600 Sq. Mtrs.

The installed capacity of the quartz plant is 180000 Sq. Meters. The total outlay of the said project is approximately Rs 46 Crores which has been met out partly from internal accruals and partly from HDFC Bank Limited. The Company has availed a Rupee Term Loan of Rs. 20.00 Crores from HDFC Bank Limited for this plant. The machine lines are imported from china.

Shares of ARO GRANITE INDUSTRIES LTD. was last trading in BSE at Rs.49.55 as compared to the previous close of Rs. 48.45. The total number of shares traded during the day was 4996 in over 144 trades.

The stock hit an intraday high of Rs. 50.5 and intraday low of 47.8. The net turnover during the day was Rs. 247488.

Source : Equity Bulls

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