Stock Report

Insecticides India Ltd acquires industrial site for expansion project

Posted On : 2023-08-03 07:17:29( TIMEZONE : IST )

Insecticides India Ltd acquires industrial site for expansion project

Insecticides (India) Limited has acquired the industrial site spanning approximately 58,000 square meters, located within the Industrial Area of Sotanala, Alwar, Rajasthan.

The primary intention behind this acquisition is to establish a state-of-the-art manufacturing facility for the Company. This would pave the way for the Company's organic growth. The new manufacturing facility holds significant promise in terms of augmenting company's operational capacities and enhancing its production capabilities.

The Company believes that this strategic move aligns seamlessly with its long-term vision and corporate objectives. The acquisition of this industrial site marks a pivotal step towards the realization of its expansion goals.

Shares of Insecticides (India) Limited was last trading in BSE at Rs. 451.35 as compared to the previous close of Rs. 432.80. The total number of shares traded during the day was 10649 in over 1051 trades.

The stock hit an intraday high of Rs. 454.65 and intraday low of 431.05. The net turnover during the day was Rs. 4755037.00.

Source : Equity Bulls


InsecticidesIndia INE070I01018 LandAcquisition IndustrialSite ExpansionProject