Marsons Limited to earmark Rs. 500 lacs for upgradation of testing facilities

The Board of directors of Marsons Limited has decided to earmark an amount of Rs. 500 lacs towards the upgradation of the Testing Facilities suitable upto 160 MVA 220 KV class. The upgraded facilities will qualify for accreditation by NABL which has now become mandatory and also the company can conduct 3rd party testing which can generate additional revenue. We would be the only NABL accredited Laboratory to conduct the routine and impulse test in thc whole of eastern region after this necessary upgradation and modernisation. Further, it has been decided to earmark an amount Rs. 100 lacs for necessary refurbishment of the manufacturing facilities.

Shares of Marsons Limited was last trading in BSE at Rs. 66.84 as compared to the previous close of Rs. 68.20. The total number of shares traded during the day was 10618 in over 82 trades.

The stock hit an intraday high of Rs. 66.84 and intraday low of 66.84. The net turnover during the day was Rs. 709707.00.

Source : Equity Bulls

Keywords

Marsons INE415B01044 ElectricalEquipment FundsEarmarked TestingFacilities Upgradation