This factory premises is being built on a plot of 11.3 acres. Latest manufacturing technology would be implemented in the new facility, the company said in a release.
The Company is hopeful to start commercial production at the new plant by the next financial year, the release added.
The stock opened at Rs 43 and touched a high of Rs 45. At 12:50pm, over 2.5 million shares were traded on both the stock exchanges.
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