Sanghi Industries shares up as company plans to invest up to Rs 1500 cr for capacity expansion

Sanghi Industries shares were trading 3.9 per cent up in the afternoon trade after the company said it plans to invest up to Rs 1500 crore in the next 2-3 years to double its production capacity to 8.2 million metric tonnes per annum (MMTPA).

Written by PTI

New Delhi

Updated: July 13, 2015 13:38 IST

In a BSE filing, the Sanghi Industries said that the company is planning to invest approximately Rs 1,200 to Rs 1,500 crore over next two to three years to expand its capacity from 4.1 MMTPA to 8.2 MMTPA. (Photo: www.sanghicement.com)

Sanghi Industries shares were trading 3.9 per cent up in the afternoon trade on Monday on the BSE after the company said it plans to invest up to Rs 1500 crore in the next 2-3 years to double its production capacity to 8.2 million metric tonnes per annum (MMTPA).

At 1.14 pm, the company’s shares were up 3.9 per cent on BSE and on NSE the shares were up 4.6 per cent.

In a BSE filing, the Sanghi Industries said that “the company is planning to invest approximately Rs 1,200 to Rs 1,500 crore over next two to three years to expand its capacity from 4.1 MMTPA to 8.2 MMTPA.”

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