Supreme Petrochem Ltd approves Phase 2 expansion of EPS plant

The Board of directors of Supreme Petrochem Ltd in its meeting held today has approved Phase II expansion of its Expandable Polystyrene (EPS) plant at Nagothane, Maharashtra by 30,000 MTA. The Board has also approved setting of second line of Extruded Polystyrene Board (XPS) with capacity of 1,00,000M³ and increasing the Masterbatch and Compounds capacity by 50,000 MTA. The capital cost for these capital expenditure schemes shall be met from Company's internal accruals.

Shares of Supreme Petrochem Limited was last trading in BSE at Rs. 721.65 as compared to the previous close of Rs. 723.15. The total number of shares traded during the day was 8016 in over 999 trades.

The stock hit an intraday high of Rs. 756.50 and intraday low of 718.05. The net turnover during the day was Rs. 5913788.00.

Source : Equity Bulls

Keywords

SupremePetrochem INE663A01017 Phase2 Expansion ExpandablePolystyrenePlant Nagothane