VTM Ltd inks MoU with Government of Tamilnadu to invest Rs. 50 crores

VTM Limited has signed a Memorandum of Understanding with the Government of Tamil Nadu (GoTN) to invest Rs 50 crores in a span of two years for manufacture of Cotton Grey Fabric and Home Textiles Products in Madurai and Virudhunagar Districts, with an intent to create approximately 40 direct jobs and 10 indirect jobs.

Shares of VTM LTD. was last trading in BSE at Rs. 73.33 as compared to the previous close of Rs. 72.08. The total number of shares traded during the day was 43027 in over 372 trades.

The stock hit an intraday high of Rs. 74.80 and intraday low of 68.50. The net turnover during the day was Rs. 3043997.00.

Source : Equity Bulls

Keywords

VTM INE222F01029 Textiles MoU GovernmentofTamilNadu