Madhav Marbles and Granites to upgrade machinery at Thoppur Factory, Tamil Nadu

The Board of Directors of Madhav Marbles and Granites Limited at their meeting held today approved purchase and installation of a multi wire saw machine for cutting of Granite and other Stone at the Thoppur Factory, Tamil Nadu.

The Multi wire saw machine will replace partly existing gang saws which were installed in the year 2000. The installation of the multi wire will enable faster cutting with minimal operating and manpower costs.

The Board authorized officials of the Company to initiate the procurement process and also directed to place the status report in the next Board Meeting.

Shares of Madhav Marbles and Granites Limited was last trading in BSE at Rs. 52.00 as compared to the previous close of Rs. 51.90. The total number of shares traded during the day was 2221 in over 127 trades.

The stock hit an intraday high of Rs. 52.80 and intraday low of 51.45. The net turnover during the day was Rs. 115229.00.

Source : Equity Bulls

Keywords

MadhavMarblesandGranites INE925C01016 MultiWireSawMachine Granite Thoppur TamilNadu