The company has manufacturing facilities to manufacture Drum Closures and Scaffolding at its plant in India as well as a plant of the wholly-owned subsidiary Company i.e. Anhui Reliable Steel Technology Co. Ltd (ARST), situated in China. The entire production of scaffolding is exported out of China by ARST.
In its regulatory filing, Technocraft said that trading of scaffolding by ARST along with the finishing of the products as may be required and production of Drum Closures in the plant of ARST will continue as usual. Thus all the customers will continue to be served by the Company either from ARST China or from the India plant.
At around 1.09 pm, Technocraft was trading at Rs392.50 per piece up by 0.7% on Sensex.