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Shares of Hind Rectifiers soared 18 per cent to Rs 231.65 in Friday’s intra-day trade, after the company announced the start of commercial production of a new plant. In comparison, the S&P BSE Sensex was down 1.3 per cent at 12:40 pm.
“The commercial production at new manufacturing plant situated at Sinnar, Nashik, Maharashtra has been successfully commenced, with effect from March 9, 2023,” Hind Rectifiers said.
The company said it has constructed around 12,900 square meters at Sinnar plant. The benefits of these new production lines at Sinnar will however be availed in the following years from
“The commercial production at new manufacturing plant situated at Sinnar, Nashik, Maharashtra has been successfully commenced, with effect from March 9, 2023,” Hind Rectifiers said.
The company said it has constructed around 12,900 square meters at Sinnar plant. The benefits of these new production lines at Sinnar will however be availed in the following years from
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