Crompton zooms on starting manufacturing, assembly operations of kitchen appliances in Vadodara facility
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Crompton Greaves Consumer Electricals is currently trading at Rs. 338.65, up by 16.85 points or 5.24% from its previous closing of Rs. 321.80 on the BSE.
The scrip opened at Rs. 320.10 and has touched a high and low of Rs. 339.00 and Rs. 319.85 respectively. So far 174819 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 340.40 on 06-May-2024 and a 52 week low of Rs. 252.10 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 340.40 and Rs. 318.00 respectively. The current market cap of the company is Rs. 21724.15 crore.
The Institutions and Non-Institutions held 83.65% and 16.36% stake in the company respectively.
Crompton Greaves Consumer Electricals has commenced manufacturing and assembly operations of its built-in kitchen appliances in its Vadodara manufacturing facility. The new assembly line boasts minimal changeover time, enabling seamless transitions and eliminating downtime.
Spread across 23 acres, this facility strengthens Crompton's commitment to 'Make in India' and empowers the company to deliver its innovative product portfolio to consumers more effectively. This aligns with Crompton's strategy of investing in robust in-house manufacturing facility to drive quality and operational excellence. The leading-edge facility incorporates superior capabilities and digital processes to optimize efficiency and quality.
Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.
