Stock Report

Spark Minda inaugurates the 28th plant in India

Posted On : 2022-12-09 16:40:58( TIMEZONE : IST )

Spark Minda inaugurates the 28th plant in India

Minda Corporation Limited (referred to as "Minda Corp" or the "Company"; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda inaugurated the state-of-the-art Wiring Harness plant in Chakan, Pune. The new Greenfield facility takes the count of plants across the country to 28.

Speaking at the inauguration ceremony, Mr. Ashok Minda, Chairman and Group CEO, said, "Spark Minda has come a long way since the establishment of the group in 1958. Customer centricity has always been at the heart of what we do as we collectively work towards pursuing excellence with the intent of providing the best to our customers. Our evolving technological knowhow coupled with experience in the sector has helped us stay ahead of the curve by providing holistic solutions to befit them."

"This new-age, state-of-the-art plant facility will lead the change. Focusing on zero-defect products, this plant will reset benchmarking on multiple manufacturing parameters, setting the bar higher." he added.

The plant is a greenfield facility capable of generating 100% solar power which will further enrich Spark Minda's focus on sustainability and ESG parameters.

Spread across the 1.90 lakhs square feet, the factory is equipped with advanced machines backed by cuttingedge technology.

The other Wiring Harness plants are located in Pune, Pillaipakkam, Kakkalur, Mysore, Murbad, Greater NOIDA, Pithampur, Haridwar and Vietnam.

Shares of Minda Corporation Limited was last trading in BSE at Rs. 214.05 as compared to the previous close of Rs. 214.70. The total number of shares traded during the day was 26554 in over 953 trades.

The stock hit an intraday high of Rs. 216.00 and intraday low of 212.55. The net turnover during the day was Rs. 5696267.00.

Source : Equity Bulls


MindaCorporation INE842C01021 SparkMinda WiringHarnessPlant Chakan Pune 28thPlant