WBIDC allots 40 acres in Kharagpur for new power cables plant
LASERPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Company has received in-principle approval (Provisional Letter of Intent) from West Bengal Industrial Development Corporation (WBIDC) for allotment of about 40 acres of land at Vidyasagar Industrial Park, Kharagpur. The land, on a 99-year lease, will be used to set up a new manufacturing facility for Integrated Power Cables and Conductors. The project aims to expand manufacturing capacity, strengthen the company's presence in the power infrastructure sector, improve supply chain efficiencies, and support future growth.
Positive long-term signal: capacity expansion in power cables manufacturing, though project is in early stages and lease execution plus compliance are still pending.