Dabur India jumps on signing MoU with Government of Tamil Nadu
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Dabur India is currently trading at Rs. 643.80, up by 9.30 points or 1.47% from its previous closing of Rs. 634.50 on the BSE.
The scrip opened at Rs. 638.45 and has touched a high and low of Rs. 647.50 and Rs. 632.05 respectively. So far 130532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 662.45 on 23-Jul-2024 and a 52 week low of Rs. 489.00 on 16-Apr-2024.
Last one week high and low of the scrip stood at Rs. 647.50 and Rs. 604.50 respectively. The current market cap of the company is Rs. 114243.19 crore.
The promoters holding in the company stood at 66.24%, while Institutions and Non-Institutions held 28.50% and 5.26% respectively.
Dabur India has signed a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a new consumer goods manufacturing facility in the state, which will be Dabur's first such unit in South India. The MoU outlines an approved Phase 1 investment of Rs 135 crore, scaling up to Rs 400 crore over a period of 5 years. This is expected to generate direct employment for around 250 people, besides creating thousands of indirect job opportunities.
Dabur's latest state-of-the-art multi-category manufacturing facility will be set up in SIPCOT Tindivanam, Tamil Nadu. This will be amongst Dabur's most-modern and environment-friendly manufacturing facilities with the capacity to manufacture a range of Dabur's products for the South market.
Dabur India is one of the largest FMCG Company in India.
