Sumeet Industries, Jamna Auto, Atul in focus on expansion
Sumeet Industries acquired a CP plant under liquidation from Nakoda Ltd in Surat, Gujarat, to nearly double its production capacity of Bottle Grade PET Chips.
Jamna Auto Industries signed an agreement to acquire 100% stake in UK-based Owen Springs Ltd for GBP 2 million to expand its global presence in leaf and parabolic springs.
Atul Ltd approved a Rs 167 crore capital expenditure to build a new facility for Mecoprop-p and MCPA, adding annual capacities of 1,000 tonnes and 750 tonnes respectively.
The market extended its losing streak for a fifth session on July 24 due to rising crude oil prices, weak earnings, and geopolitical tensions.
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