Friday, January 13, 2012

Exedy Corporation, Japan receives approval for new project in Kolar

Exedy Corporation, Japan one of the promoter of Exedy India Ltd has announced that one of its wholly owned subsidiary, Exedy Clutch India Private Limite, in India which is in similar line of business as that of Exedy India Limited has received Government Order according in-principle approval to a project proposal for establishing a manufacturing unit for multi-pate clutch, continuance variable transmission (CVT), clutch disc and clutch cover assembly and its components for both 2 and 4 wheelers at Narasapur Industrial Area, Kolar District, Karnataka and has extended infrastructure facilities (like land, supply of water and power) and other incentives and concessions as per industrial policy of the State of Karnataka. The above mentioned Government order is valid for a period of 2 years from the date of issue.

The Exedy India Limited stock closed the day at Rs.215, down by Rs.1.70 or 0.78%. The stock hit an intraday high of Rs.223.70 and low of Rs.211.

The total traded quantity was 175 compared to 2 week average of 215.

No comments:

Post a Comment