Hercules Hoists announces shifting of commercial operations; Stock trades higher

6 Jul 2022 , 01:10 PM

Hercules Hoists Ltd has informed to the exchanges regarding shifting of Commercial Operations of the company.

As per the filing, the Company has shifted its manufacturing activities carried out at its manufacturing unit situated at Gat No. 446/3, Nighoje (Chakan), Rajgurunagar, Pune 410501 to a manufacturing unit at Gat No. 118/17, Wasuli, Chakan MIDC Phase-2, Pune, Maharashtra on lease rental basis.

Further, the Company will continue to manufacture, assemble, test, maintain and repair material handling equipment including electrical & non-electrical hoists, trolleys, cranes etc. at the new premises and the production capacity will remain the same, the company said.

At around 1:12 PM, Hercules Hoists was trading at Rs125.75 per share up by Rs0.6 or 0.48% from its previous closing of Rs125.15 per share on the BSE.