The building is to constructed at the latter's Ankleshwar unit, Gujarat. The approximate value of the project is Rs700-1,000 lakhs.
The project is likely to start by the first week of January 2021. The company further added that the mobilisation of machinery and man power is already in process.
The company's stock ended at Rs24.40 per piece up by 2.95% or Rs0.70 from its previous closing on the NSE.