Fermenta Biotech Limited plans partial shutdown to expand capacity

Fermenta Biotech Limited (FBL) will be taking a planned partial shutdown of its manufacturing facility at Dahej to carry out capacity increasing measures for Vitamin D3 crystals with effect from today, 5th October 2021 for an estimated period of 15 days, until 20th October 2021.

Following the previous shutdown in April 2019, which was successfully completed to increase capacity of Vitamin D3 intermediates, the current shutdown is being taken for increasing Vitamin D3 crystals' capacity. Post completion, FBL's production capacity of Vitamin D3 crystals will increase by approximately 25%. This initiative is part of FBL's capacity enhancement strategy to meet the expected increase in peak demand for Vitamin D3 crystals under the current circumstances.

Shares of FERMENTA BIOTECH LIMITED was last trading in BSE at Rs. 297.45 as compared to the previous close of Rs. 283.15. The total number of shares traded during the day was 89542 in over 1162 trades.

The stock hit an intraday high of Rs. 302 and intraday low of 284.05. The net turnover during the day was Rs. 26582102.

Source : Equity Bulls

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