GS Auto has informed BSE of sucessful commissioning of its plant at Jamshedpur and the phase 2 is scheduled to completed as per plans. Total capex for both plant is 64 crores. This will add to company's profitability. We recommend strong buy with target of 40 on short term.
GS Auto International
Ltd has informed BSE that after, the successful commencement of the
Commercial production of its first phase of Jamshedpur Plant, the
Company is in the process of Completion of the second Phase of the
Jamshedpur plant, which in totality works to be a capex of Rs. 64 Cr.
for both the phases.
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
GS Auto International
Ltd has informed BSE that after, the successful commencement of the
Commercial production of its first phase of Jamshedpur Plant, the
Company is in the process of Completion of the second Phase of the
Jamshedpur plant, which in totality works to be a capex of Rs. 64 Cr.
for both the phases.
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
GS Auto International
Ltd has informed BSE that after, the successful commencement of the
Commercial production of its first phase of Jamshedpur Plant, the
Company is in the process of Completion of the second Phase of the
Jamshedpur plant, which in totality works to be a capex of Rs. 64 Cr.
for both the phases. After the Successful completion of the both the
phases of the SGI Casting (Ferrous Casting) Capacity of the Company will
increase by more than 3 (three) times of its existing ferrous
Components Capacity.Further, the Company is in the process of expanding
its retail presence in a big way, by expanding its existing retail
network along with dedicated retail chain network, adding more products
in to its existing product pipeline, so to encash its existing brand
value. The Company has already appointed a team of more than fifty
people as MSR (Mechanic Sales representatives) for direct relations with
retailers so to boost the overall revenue from retail segment.After the
Successful Completion of its second phase of the Jamshedpur plant, the
Company will focus to modernize its existing plant at Ludhiana unit
which will result in improvement in the overall margins of the
company.Source : BSE
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/announcements/gs-auto-international-updatesjamshedpur-plant_1224762.html?utm_source=ref_article
