Lambodhara Textiles Ltd board approves capex

The Board of Directors of the Lambodhara Textiles Ltd have approved the Capacity Addition Plan with Capital Expenditure, a mix of internal accruals and bank loan. The existing capacity of 36,968 Spindles is running at a capacity utilization of 100%. The company has planned for additional capacity of 9,984 Spindles within next 1.5 years to 2 years.

Shares of Lambodhara Textiles Limited was last trading in BSE at Rs. 87.15 as compared to the previous close of Rs. 88.95. The total number of shares traded during the day was 4297 in over 75 trades.

The stock hit an intraday high of Rs. 89.90 and intraday low of 84.55. The net turnover during the day was Rs. 371630.00.

Source : Equity Bulls

Keywords

LambodharaTextilesLimited INE112F01022 Capex ExpansionProject