KS Oils up on Alwar manufacturing pact

DALAL STREET SPIKES

KS Oils was up 5 per cent to Rs 318.4 on volumes of over 1.3 lakh as it announced a manufacturing agreement with an Alwar-based plant in mustard oil.

The plant has cold-press machines for mustard oil production, extraction and refinery units, which will augment capacity. This agreement shall remain in force until the company's new manufacturing plant commences operation in March 2008.

The scrip has had a phenomenal time on the bourses in the last one year, rising over 159 per cent in the same period. The stock has, however, had a mixed April thus far. While it collapsed 9.6 per cent to Rs 275.1 on April 11th, it has steadied itself since then.