E-Land Apparel touches roof on getting nod to make investment in plant, machinery
E-Land Apparel is currently trading at upper limit of Rs. 12.00, up by 1.09 points or 9.99% from its previous closing of Rs. 10.91 on the BSE.
The scrip opened at Rs. 12.00 and has touched a high and low of Rs. 12.00 and Rs. 12.00 respectively. So far 9053 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.49 on 16-Oct-2024 and a 52 week low of Rs. 6.54 on 01-Apr-2024.
Last one week high and low of the scrip stood at Rs. 12.00 and Rs. 9.88 respectively. The current market cap of the company is Rs. 57.59 crore.
The promoters holding in the company stood at 65.84%, while Institutions and Non-Institutions held 1.24% and 32.92% respectively.
E-Land Apparel has received approval for investment of around Rs 30 crore in plant and machinery for the proposed factory in line with the Leave and License agreement for the industrial purpose. The company proposes to increase the production capacity by 80,000 to 1,00,000 units (Pes.) per month.
The proposed capacity will be added by end of the March 2025. Date of operation for additional capacity will be from 1st week of March, 2025 subject to all necessary approval(s), consent(s), permission(s) and/ or sanction(s), if any.
This investment is vital for enhancing operational capacity to meet increasing demand, accommodate larger contracts, and drive revenue growth. The Board of Directors at their meeting held on February 13, 2025 has inter alia considered and approved the same.
E-Land Apparel is primarily engaged in the business of manufacture and sale of garments.
