Hercules Hoists has shifted its manufacturing activities for producing, assembling, testing, maintenance & repairing of material handling equipment including electrical & non-electrical hoists, trolleys, cranes, etc from its manufacturing unit at Hinjewadi, Pune, to Nighoje (Chakan), Rajgurunagar, Pune, on lease rental basis.
The production capacity will remain the same, the company said, and added that the lease rental period of the current manufacturing unit is expiring on June 30. Shares of Hercules Hoists jumped 4.87 per cent at ₹117.25 on the NSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.