DCM Nouvelle to build new plant at Hisar, Haryana; Stock gains over 1%

The project is likely to be completed by next year and will be financed by mix of internal accruals and debt.

Sep 20, 2021 09:09 IST India Infoline News Service

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DCM Nouvelle Ltd has informed to the exchange that the Company has performed Bhoomi Poojan of a new plant at the proposed site at Hisar (Haryana).

The capacity of this new production line will be approx. 43776 spindles and with this addition, the overall capacity of the Company will be enhanced to approx. 1,58,000 Spindles.

The said new plant would involve an investment of Rs175cr approx. in Building, Plant & Machinery, Utilities and other related infrastructure. The project is likely to be completed by next year and will be financed by mix of internal accruals and debt, said company in a regulatory filing.

On Monday at around 9:31 AM, DCM Nouvelle was trading at Rs207.50 per piece higher by 1.15% on the BSE.

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