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.