Escorts Kubota gains on planning to invest Rs 4,500 crore over next 3 to 4 years for new plant
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Escorts Kubota is currently trading at Rs. 3596.00, up by 41.20 points or 1.16% from its previous closing of Rs. 3554.80 on the BSE.
The scrip opened at Rs. 3554.75 and has touched a high and low of Rs. 3617.20 and Rs. 3510.00 respectively. So far 12962 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3617.20 on 13-May-2024 and a 52 week low of Rs. 2,034.00 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 3617.20 and Rs. 3409.30 respectively. The current market cap of the company is Rs. 39558.38 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 15.57% and 16.75% respectively.
Escorts Kubota is planning to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant. The company is currently in talks with the Rajasthan government for a site at Ghiloth, where it intends to set up the greenfield plant to double its domestic tractor production capacity to 3.4 lakh units annually, while also setting up new engine and construction equipment lines in phases. The greenfield plant will involve doubling tractor production capacity, setting up a new engine line and a construction equipment line in phases.
Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
