Arshiya Ltd's FTWZ at Panvel declared as Multi Sector SEZ

Arshiya Limited ("Company") having its Free Trade Warehousing Zone (FTWZ) at Village Sai, Taluka - Panvel, District Raigad, Maharashtra has been declared as a "Multi Sector SEZ" at the 106th meeting of the Board of Approval (BOA) for Special Economic Zones held on 7th October 2021.

This will increase the suite of services in the Company to include manufacturing (e.g. manufacturing of mobile, telephone, other electronics devices and Defence sector for availing off-set benefits) services along with FTWZ services-already offered. Given the Governments push toward an Atmanirbhar India (PLI scheme) as well as a global push of multinationals to have a 'China - Plus One' strategy, the Company sees this as a strategic foray into offering manufacturing services to Global Marquee Clients in multiple sectors.

Shares of Arshiya Limited was last trading in BSE at Rs. 29.10 as compared to the previous close of Rs. 30.60. The total number of shares traded during the day was 33809 in over 305 trades.

The stock hit an intraday high of Rs. 31.95 and intraday low of 29.10. The net turnover during the day was Rs. 998725.00.

Source : Equity Bulls

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Arshiya INE968D01022 506074 TransportationLogistics