Gravita India climbs 5% as Ghana subsidiary enhances production capacity

The production from the Ghana plant will provide a strategic advantage to the company to cater to the European and US Market, the firm said

Gravita India shares zoomed 5 per cent to Rs 47.50 on the BSE on Friday after the company announced its Ghana subsidiary had enhanced the production capacity.

At 10:11 AM, the stock was trading 2.43 per cent higher at Rs 46.30 as compared to a 0.2 per cent dip in the benchmark S&P BSE Sensex. A total of 51,000 shares had changed hands on the BSE and National Stock Exchange (NSE) by the time this report was filed.

"Gravita India Limited hereby informs that Recyclers Ghana Limited, a step down subsidiary of the company situated in Ghana, West Africa has