Oriental Rail Infrastructure approves expansion of Rexene Plant at Aghai

The Board of Directors of Oriental Rail Infrastructure Ltd at its meeting held on March 22, 2022, has approved the proposal of expansion as well as modernization of the existing Artificial Leather (Rexene) Plant at Aghai.

The proposed expansion of capacity and modernization of existing Artificial Leather (Rexene) is towards the opportunities lies in its upgraded products which will help the Company to capture the consumer market, automobile sector and export globally.

Timeframe to implement the proposed expansion and modernization will be approximately three months.

Shares of Oriental Rail Infrastructure Ltd was last trading in BSE at Rs. 124.00 as compared to the previous close of Rs. 123.40. The total number of shares traded during the day was 6668 in over 52 trades.

The stock hit an intraday high of Rs. 130.95 and intraday low of 117.60. The net turnover during the day was Rs. 832532.00.

Source : Equity Bulls

Keywords

OrientalRailInfrastructure INE457G01029 ExpansionProject ArtificialLeather Rexene Aghai