The Supreme Industries Ltd commits Rs. 700 crores for capex | EquityBulls

2023-03-08 14:38:45 By : Ms. YY trust

The Supreme Industries Ltd has plans to commit capex of about Rs. 700 Crores including carry forward commitments of Rs. 280 Crs. at the beginning of the year. The committed / proposed capex is primarily for: - To complete and put into operation the on-going project work at Assam to manufacture PVC Pipes and Rota & Blow Moulded products. - Putting up a plastic product complex near Cuttack in Odisha & near Erode in Tamilnadu where work is going on in full swing. 1st phase at both the sites is likely to go into production by August-September, 2022. - To double the capacity of Composite LPG cylinders to 1 million pcs. Per annum at existing site at Halal, Gujarat. - Establishing additional capacity to manufacture olefin Fittings and to put PEX Piping System at Jadcherla. - Expanding capacities and product range of its bath fitting products at Puducherry - Adding varieties of new injection moulded fitting products in its plastic Piping products - To add new models of Injection moulded furniture, Crates & pallets in the Company's range of furniture and Material Handling Products - To increase capacities of Industrial Component moulding at various locations in view of increased business opportunities - To add necessary equipment at its Protective Packaging and performance packaging division - To install Rooftop Solar energy generation plants at its various locations - To install balancing equipment at various locations The entire capex and increased working capital requirement shall be funded from internal accruals of the Company. Shares of Supreme Industries Limited was last trading in BSE at Rs. 1949.75 as compared to the previous close of Rs. 1935.30. The total number of shares traded during the day was 16579 in over 2806 trades. The stock hit an intraday high of Rs. 2020.00 and intraday low of 1938.50. The net turnover during the day was Rs. 32680075.00.

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