Kamdhenu is in the limelight today after it announced that it installed all requisite machinery for increasing its capacity of steel plant at Bhiwadi, Rajasthan from 72000 MT to 156000 MT per annum.
The company said, “We have completed commissioning of new plant and machinery and the enhanced production level will be achieved in due course as per stabilizing of entire machinery and new software.”
Kamdhenu has in its list of manufacturing, a diverse range of manufacturing products including Reinforcement steel Bars (TMT/HSD), Structural steels (Channels, Angles, Beams & flats) Binding Wire, Housing, PVC Pipes, Plywood, Paints and many more. The company's brands include Kamdhenu TMT Bars, Kamdhenu SS 10000.
The market is thrilled to bits with this news as the stock price hit the 20% UC a Rs.211.50. Its 52-week high is at Rs.265.45.
The stock has been gaining for the last 3 days and has risen 25.98% in the period and it has outperformed the sector by 17.16%.