DCM Nouvelle Ltd performs Bhoomi Poojan for new plant at Hisar, Haryana

DCM Nouvelle Ltd has performed Bhoomi Poojan of a new plant at the proposed site at Hisar (Haryana). The capacity of this new production line will be approx. 43776 spindles and with this addition, the overall capacity of the Company will be enhanced to approx. 1,58,000 Spindles. The said new plant would involve an investment of Rs. 175 Crores approx. in Building, Plant & Machinery, Utilities and other related infrastructure. The project is likely to be completed by next year and will be financed by mix of internal accruals and debt.

Shares of DCM NOUVELLE LIMITED was last trading in BSE at Rs. 203.15 as compared to the previous close of Rs. 211.25. The total number of shares traded during the day was 7170 in over 306 trades.

The stock hit an intraday high of Rs. 221 and intraday low of 203.15. The net turnover during the day was Rs. 1485738.

Source : Equity Bulls

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