Keerthi Industries to replace old meal ball mill with latest Vertical Raw Mill (VRM); stock skids ~1%

11 Jul 2022 , 03:01 PM

Keerthi Industries Limited informed that the Board of Directors has considered and approved the proposal to avail loan from Axis Bank for replacing the old raw meal ball mill with the latest Vertical Raw Mill (VRM).

The company stated in its filing, “We wish to inform you that in the Board of Directors of the company in its meeting held on July 11, 2022, has approved the Proposal to availing the loan from Axis Bank for replacing an old ball mill with latest Vertical Raw Mill (VRM) for the purpose of Grinding Raw Materials for Cement Manufacturing at the cement factory, vide sanction letter received from the Axis Bank Limited.

Keerthi Industries was trading at Rs140, down by 1.10% against the previous close of Rs141.55 on BSE. It touched intraday high and low of Rs147.90 and Rs147 respectively.