Sal Automotive skyrockets ~10% on commencing production at new manufacturing shed in Patiala

25 Aug 2022 , 01:30 PM

Sal Automotive Limited informed that it has commenced commercial production at its new manufacturing shed at the existing plant premises.

The said plant is situated at Kakarla Road, Nabha, Patiala District, Punjab.

The company commenced production on August 24, 2022.

The company emphasized that with this new shed, the company could be able to increase the existing level of 1000 rotavators per month to 3000 rotavators per month.

Sal Automotive is a major and valued supplier to the Indian automobile sector as well as a developing worldwide manufacturer of automotive components seats and agricultural tools.

At around 1.32 PM, Sal Automotive was trading 9.98% higher at Rs202.70, against the previous close of Rs184.30 on BSE.  So far in the day, it hit an intraday high of Rs202.70 and a low of Rs182.10.

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