Kabra Extrusiontechnik to invest Rs 85 cr on capex

Plastic extrusion machinery maker Kabra Extrusiontechnik today said it will spend Rs 85 crore for capacity expansion of its manufacturing facility in Daman.

The company would spend Rs 85 crore in phases over the next three years to expand the existing manufacturing facility at Kachigam in Daman, Kabra Extrusiontechnik said in a filing to the BSE.

Shares of Kabra Extrusiontechnik were trading at Rs 220 on the BSE, up 16.68 per cent from previous close.