The Board of Directors of Oriental Rail Infrastructure Ltd at its meeting held on March 22, 2022, has approved the proposal of expansion as well as modernization of the existing Artificial Leather (Rexene) Plant at Aghai.
As per regulatory filing, the proposed expansion of capacity and modernization of existing Artificial Leather (Rexene) is towards the opportunities lies in its upgraded products which will help the Company to capture the consumer market, automobile sector and export globally.
Timeframe to implement the proposed expansion and modernization will be approximately three months, said company.
On Wednesday at around 10:06 AM, Oriental Rail Infra was trading at Rs123 per piece lower by 0.12% on the BSE.
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