Gillanders Arbuthnot & Company Limited has informed the Exchange about Commencement of commercial production/operations
GILLANDERS · price
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Awaiting price reaction for this filing.
The Board of Gillanders Arbuthnot has approved setting up a new structural fabrication workshop for its Engineering Division (MICCO) in Hooghly, West Bengal. The new facility will have a production capacity of 300 metric tonnes per annum. The company has stated it will update the stock exchanges once commercial production at the new workshop begins. No financial details of the investment or expected timelines for commissioning were disclosed in this filing.
This is a capacity expansion move for the engineering business, but without capex size or commissioning timelines, the immediate impact on shareholders or stock price is likely to be limited. Investors should watch for the next update on when production actually starts.