Commencement of commercial production of Resin manufacturing block at Mahad, Maharashtra

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The company has started commercial production at its new Resin manufacturing block located in Mahad, Maharashtra. This marks the operational launch of an additional production facility, expanding the company's manufacturing capacity in the resins segment. The announcement confirms the plant is now ready for full-scale commercial output. No specific production volume, investment amount, or revenue projections were disclosed in this update.

Likely market impact

This is a positive operational milestone as it adds new revenue-generating capacity, though without disclosed volumes or financials, the immediate impact on stock price may be limited until further details on utilization and demand are shared.