LMW Ltd signs non-binding MOU with Government of Tamil Nadu

LMW Ltd has signed a non-binding Memorandum of Understanding (MOU) with the Government of Tamil Nadu (GoTN) through its Nodal Agency "Guidance".

According to this MOU, the Guidance will extend necessary support and facilitation as set forth in the MOU in the form of necessary infrastructural support and regulatory facilitation, subject to applicable laws. This will help the Company in obtaining necessary permissions, registrations, approvals, allotments, clearances and incentives from the relevant Government in the State of Tamil Nadu.

Shares of LMW Limited was last trading in BSE at Rs. 15014.60 as compared to the previous close of Rs. 15191.45. The total number of shares traded during the day was 226 in over 107 trades.

The stock hit an intraday high of Rs. 15189.95 and intraday low of 14999.00. The net turnover during the day was Rs. 3402069.00.

Source : Equity Bulls

Keywords

LMW INE269B01029 IndustrialMachinery NonBindingMOU GoTN GovernmentofTamilNadu