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Birla Precision Technologies reports consolidated net profit of Rs 1.35 crore in the March 2021 quarter

Birla Precision Technologies reports consolidated net profit of Rs 1.35 crore in the March 2021 quarter
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Birla Precision Tech increases capacity to take on China imports


Birla Precision Tech increases capacity to take on China imports
March 12, 2021
Vedant Birla, CMD, Birla Precision Technologies×
With global supply chains looking at newer markets outside of China and recoveries in the automobile sector here in India becoming pronounced, auto component supplier and cutting tools firm, Birla Precision Technologies is ramping-up capacities across plants in Nashik and Aurangabad.
The company is also looking at a larger play in the mining tools and drills segment as it looks to take on Chinese imports and “dumped offerings” in the category. Among the five divisions of the company, drill manufacturing (cutting tools division) is the highest contributor to revenues. ....

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Birla Precision Technologies Limited allots 84,31,703 Equity Shares at Rs. 5.93 to promoter


Birla Precision Technologies Limited allots 84,31,703 Equity Shares at Rs. 5.93 to promoter
Posted On:
2021-01-19 23:54:33
(Time Zone: Arizona, USA)
The Board of Directors of Birla Precision Technologies Limited in their meeting held today i.e. Wednesday, 20th January, 2021 issued and allotted 84,31,703 Equity Shares of Rs. 2/- each at a price of Rs. 5.93/- to the Promoter, Birla Infrastructure Limited.
Shares of BIRLA PRECISION TECHNOLOGIES LTD. was last trading in BSE at Rs.7.2 as compared to the previous close of Rs. 7.34. The total number of shares traded during the day was 90218 in over 177 trades.
The stock hit an intraday high of Rs. 7.69 and intraday low of 7.04. The net turnover during the day was Rs. 654013. ....

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