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Rajratan Global Wire stock zooms 5% on execution of lease deed with Tamil Nadu govt to set up new facilities of Tyre Bead Wire

The Company has also made requisite payment for the land.

December 16, 2021 9:47 IST | India Infoline News Service
Rajratan Global Wire Ltd has informed regarding execution of lease deed with State Industries Promotion Corporation of Tamil Nadu Limited for setting up new manufacturing facilities of Tyre Bead Wire.

The Company announced that it has executed lease deed with State Industries Promotion Corporation of Tamil Nadu Limited for land (admeasuring 25 acres) which has been allotted to company at SIPCOT Industrial Park, Vallam Vadagal (Phase-II), District Kancheepuram for the purpose of setting up of new manufacturing facilities of Tyre Bead Wire. The Company has also made requisite payment for the land, said company in a regulatory filing.

At around 9:48 AM, Rajratan Global Wire was trading at Rs2,288.85 apiece up by Rs108.95 or 5% on Sensex.

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