Vipul Organics Ltd to acquire industrial land

Vipul Organics Ltd has initiated and executed Memorandum of Understanding dated 16th September, 2021 for the process of acquisition of an industrial land situated in Saykha GIDC, Saykha Industrial Area, Village Dahej, Gujarat admeasuring 24626.52 sq. mtr. for expansion of its manufacturing activities in Chemical Intermediates. The Company expects completion of this process by 31st December, 2021.

Presently, the Company's manufacturing activities are limited in the State of Maharashtra, after acquisition of said industrial land in the State of Gujarat, the Company will have its manufacturing footprints in Gujarat also.

Shares of Vipul Organics Limited was last trading in BSE at Rs. 170 as compared to the previous close of Rs. 174.5. The total number of shares traded during the day was 8226 in over 194 trades.

The stock hit an intraday high of Rs. 176 and intraday low of 167.5. The net turnover during the day was Rs. 1400776.

Source : Equity Bulls

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