Commercial Syn Bags Ltd starts commercial production of new unit

Commercial Syn Bags Limited has announced that the new manufacturing unit of the Company - Techtex situated at Plot Nos. A-12 & A-13, Indore Special Economic Zone, Pithampur Phase 2, Dhar, Madhya Pradesh has started the Commercial Production from March, 11th 2023.

The project is for manufacturing of Geotextiles, Ground Covers, Nets and other technical textile products.

The company has already invested Rs. 31.50 Crores for purchase of building and machinery and its repairs and renovation. Some capital expenditure is yet to be done.

The mode of Financing was through Bank Finance and Own Source.

The project is for manufacturing of Geotextiles, Ground Covers, Nets and other technical textile products.

Shares of Commercial Syn Bags Ltd was last trading in BSE at Rs. 93.89 as compared to the previous close of Rs. 94.31. The total number of shares traded during the day was 8470 in over 200 trades.

The stock hit an intraday high of Rs. 95.42 and intraday low of 92.60. The net turnover during the day was Rs. 795853.00.

Source : Equity Bulls

Keywords

CommercialSynBags INE073V01015 CommercialProduction Techtex