Kalyani Steels stock surged by 3.02 per cent on the BSE to trade at ₹840.90 as of 2:48 pm today, after it announced the signing of a memorandum of understanding (MoU) with the Odisha government.
The agreement pertains to the intent of setting up an integrated advanced specialty steel and automotive components manufacturing complex with 0.7 MTPA capacity at an estimated investment of ₹6,626 crore.
In addition, it includes setting up the first phase of the integrated titanium metal/alloy and aerospace and defence components manufacturing plant of 10,000 TPA capacity at an estimated investment of ₹5,124 crore.
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.