 "Pokarna surges 15% on subsidiary’s capacity expansion plans")
Pokarna surged 15% to Rs 1,181, also its fresh 52-week high on the BSE, after the company announced that its subsidiary Pokarna Engineered Stone (PESL), has plans to expand its quartz surfaces production capacity by 130% with an investment of Rs 325 crore in a Greenfield facility.
“This investment is expected to be completed by June 2018 and PESL would finance this project through combination of free cash flow/internal accruals of Rs 75 crore and loans worth Rs 250 crore,” Pokarna said in a BSE filing.
PESL is in receipt of financial sanction from its lead banker, for
“This investment is expected to be completed by June 2018 and PESL would finance this project through combination of free cash flow/internal accruals of Rs 75 crore and loans worth Rs 250 crore,” Pokarna said in a BSE filing.
PESL is in receipt of financial sanction from its lead banker, for
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