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Read more about GMM Pfaudler Q4 net loss stands at Rs 6 cr on Business Standard. GMM Pfaudler fell 4.92% to Rs 4,789.95 after the company's consolidated net loss stood at Rs 5.75 crore in Q4 FY21 compared with net profit of Rs 11.59 crore in Q4 FY20.
GMM Pfaudler announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021. The new facility will immediately enhance the company's capacity in Heavy Engineering while freeing up capacity in Karamsad to expand our Glass Lining business. The facility in Vatva, spread over 11.9 acres with seven manufacturing bays (built-up area of 23,617 square meters) is equipped to manufacture a wide range of Heavy Engineering equipment with a crane lifting capacity of 200 metric tonnes, deep-hole drilling (up to 1 meter) capabilities, plate rolling capabilit...
GMM Pfaudler jumped 4.70% to Rs 4,418.70 after the company announced the acquisition of assets of HDO Technologies for a consideration of Rs 58.46 crore. The company said that it had participated in the e-auction process for sale of assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies (in liquidation). It was declared as the successful bidder by the liquidator. The acquired facility, spread over 11.9 acres with 7 manufacturing bays, is located in Vatva, Ahmedabad and is equipp...