Comments
The shares of HIL Ltd, a flagship company of the CK Birla Group, has risen over 6 per cent on Monday. At 11.45 am, the shares are up to ₹71.85 apiece to trade at ₹1,251.
On Friday, the company had announced adding additional capacities (5,250 tpa). It commenced the production of its CpVC, UpVC and SWR (soil, waste & rain) pipes at Thimmapur, Telangana.
This is in line with the company's intention to expand the plumbing solutions business with an extended portfolio.
HIL continues to diversify and invest from its traditional lines of business and expects strong traction in the piping, flooring and green roofing solutions, the company said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.