India Pesticides Limited commissions expanded capacity of formulation plant

India Pesticides Limited has successfully commissioned the expansion of formulation Plant. The Company has increased the capacity by 3500 MT from the existing capacity of 6,500 MT per annum with the total capacity will enhance to 10,000 MT per annum of formulation.

The company is expecting good growth in its formulation business & current capacity utilization is around 95%, therefore, company has decided to expand capacity.

Shares of India Pesticides Ltd was last trading in BSE at Rs. 223.50 as compared to the previous close of Rs. 221.05. The total number of shares traded during the day was 70399 in over 1847 trades.

The stock hit an intraday high of Rs. 233.00 and intraday low of 221.60. The net turnover during the day was Rs. 16077975.00.

Source : Equity Bulls

Keywords

IndiaPesticides Agrochemicals INE0D6701023 Expansion FormulationPlant