Business Update7 Nov 2024, 08:46 pm
LGB Forge Ltd. to Set Up New Plant in Kancheepuram to Increase Manufacturing Capacity
AI Summary
LGB Forge Ltd., in its board meeting on November 07, 2024, has approved the unaudited financial results for the quarter and half year ended September 30, 2024. The company has also decided to set up a new plant in Kancheepuram to increase the manufacturing capacity of its existing products. The necessary details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed in the document. The company will make necessary disclosures on any material developments in this regard.
Key Highlights
- LGB Forge Ltd. approved unaudited financial results for the quarter and half year ended September 30, 2024
- The company plans to set up a new plant in Kancheepuram to increase manufacturing capacity
- The new plant will be situated at A-16, SIPCOT Industrial Growth Centre, Oragadam, Kancheepuram - 603 201
- The decision is in line with the company's strategy to expand its manufacturing capabilities
- The company will make necessary disclosures on any material developments regarding the new plant