Rushil Decor rises on expanding global operations with setting up of MDF plant in Andhra Pradesh
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Rushil Decor is currently trading at Rs. 479.30, up by 2.05 points or 0.43% from its previous closing of Rs. 477.25 on the BSE.
The scrip opened at Rs. 483.00 and has touched a high and low of Rs. 486.40 and Rs. 479.00 respectively. So far 1065 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 675.00 on 13-Sep-2022 and a 52 week low of Rs. 240.65 on 21-Oct-2021.
Last one week high and low of the scrip stood at Rs. 507.00 and Rs. 464.05 respectively. The current market cap of the company is Rs. 961.37 crore.
The promoters holding in the company stood at 55.03%, while Institutions and Non-Institutions held 1.83% and 43.14% respectively.
Rushil Decor has expanded its global operations with the setting up of a first-of-a-kind, world-class, state-of-the-art, agroforestry-based, sustainable, environment-friendly future boards (medium density fiberboard or MDF) making plant in Achutapuram, Andhra Pradesh, India.
Driven by smart manufacturing, and fully-automated robotic production, the technologically advanced plant is strategically located close to raw material sourcing agroforestry-plantations, creating sustainable livelihood, reducing the transportation impact, and lower emissions. The investment in the fully-integrated plant is significant and amounts to over Rs 500 crore. The investment illustrates Rushil Decor's long-term vision to boost indigenous production capacity and operational efficiency, expanding the range of value-added solutions and strengthening its commitment to sustainability of the business and the planet.
Rushil Decor is a leader in the Decorative High Pressure Laminates market in India.
