Borosil to shift operations of factory at Tarapur to Bharuch, Gujarat; Stock rises

17 Aug 2022 , 09:18 AM

Borosil Ltd has informed that its factory at Tarapur is engaged in manufacturing products pertaining to the Scientific and Industrial Products business.

As per the filing, to have better integration and operational efficiencies, the Company is shifting the entire operations of Tarapur factory to its other factory situated in Bharuch, Gujarat. It is also involved in manufacturing similar products that manufactured in Tarapur.

“The process of shifting is likely to be completed in the next two to three weeks. As it is merely shifting of operations from one location to another, there will be no impact on the turnover and net worth of the Company”, the company said in a regulatory filing.

At around 9:18 AM, Borosil was trading at Rs344.20 per share higher by 0.23% on the BSE.