Ami Organics acquires industrial plot in Surat for expansion; Stock climbs 2%

8 Aug 2022 , 10:23 AM

Ami Organics Ltd stocks is in focus today as it announced the acquisition of land for business operations.

As per the filing, the company has acquired an industrial plot admeasuring 8000 sq mtr. at Plot No. 5538 in Sachin GIDC Industrial Area, Sachin, Surat in state of Gujarat. “The above land shall be used for the organic growth of the Company in future”, the company said.

At around 10:21 AM, Ami Organics was trading at Rs1,071 per share up by Rs21.55 or 2.05% from its previous closing of Rs1,049.45 per share on the BSE.

Ami Organics is an India-based manufacturer pf specialty chemicals with varied end usage, focus on the development and manufacturing of pharma intermediates for regulated and generic active pharmaceutical ingredient (APIs) and new chemical entity (NCEs).