FDC gains on expansion plan
FDC rose 2.33% to Rs 333.20 after the company said it plans to expand its production capacity at Waluj plant in Maharashtra by installing an additional BFS machine.FDC said it is in the process of expanding its production capacity by installation of an additional BFS machine at one of its existing plants located at Waluj in Maharashtra. The estimated cost of expansion would be around Rs 74 crore at first stage and around Rs 26 crore at later stage. The said process is spread over a period of 20 months. "The total production capacity of the said plant is likely to be increased by 30 to 33% aft...
Source: business-standard.com