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Shares of Bosch gained over 2% at Rs 23,585 on the Bombay Stock Exchange (BSE) after the company announced the opening of the new state-of-the-art manufacturing facility at Bidadi, Bengaluru in the State of Karnataka.
The manufacturing facility has a built up area of approximately 38,000 square meters with an investment of around Rs 340 crore and will produce Diesel products that were previously manufactured at the Adugodi plant, and would have over 2,600 associates working at the facility, the company said in a release.
The new plant in Bidadi will produce common rail pumps & rails in the first phase & conventional fuel injection pumps production will start in the second phase, the release added.
The stock opened at Rs 23,250 and touched a high of Rs 23,650 on the BSE. At 11:15AM, over 5,400 shares were traded on both the stock exchanges.
