Kaka Industries zooms on commissioning advanced manufacturing facility in Gujarat
Kaka Industries is currently trading at Rs. 301.90, up by 19.95 points or 7.08% from its previous closing of Rs. 281.95 on the BSE.
The scrip opened at Rs. 281.00 and has touched a high and low of Rs. 305.05 and Rs. 277.25 respectively. So far 74000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 340.00 on 06-Dec-2024 and a 52 week low of Rs. 148.05 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 305.05 and Rs. 263.15 respectively. The current market cap of the company is Rs. 412.40 crore.
The promoters holding in the company stood at 70.02%, while Non-Institutions held 29.98% stake in the company.
Kaka Industries has fully commissioned its advanced manufacturing facility in Village Lasundra, Tehsil Kathlal, District Kheda, Gujarat. This milestone comes after successfully resolving a persistent power supply issue that had limited the plant’s operational capacity for the past six months.
The facility spans an impressive total land area of approximately 8,00,000 square feet, with 4,00,000 square feet dedicated to constructed and under-construction zones. Designed to deliver a remarkable capacity utilization of 40,000 metric tons per annum (MTPA), the plant’s output will exceed the current capacity utilization of 18,000 MTPA by more than 120% over the next 2 to 3 years.
The plant faced significant challenges due to inconsistent power supply over the last six months. However, with effect from January 2, 2025, Kaka Industries has started using uninterrupted power supply from Madhya Gujarat Vij Company (MGVCL). Additionally, the power line infrastructure has been completed. With this issue resolved, the plant is poised to operate at full capacity, marking a new era of productivity and efficiency for the company.
Kaka Industries is a leading manufacturer and supplier of PVC-based products.