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The latest announcement is out from Elin Electronics Limited ( (IN:ELIN) ).
Elin Electronics Limited has announced the commencement of construction for a new manufacturing facility in the ELCINA manufacturing cluster in Bhiwadi, Rajasthan. The facility, which will be built in two phases, represents a significant investment of INR 90-100 crores and aims to enhance the company’s production capabilities for various home appliances. This expansion is expected to strengthen Elin Electronics’ market position and potentially offer new opportunities for stakeholders.
More about Elin Electronics Limited
Elin Electronics Limited operates in the electronics manufacturing industry, focusing on the production of medium and large appliances such as air coolers, kitchen chimneys, air fryers, and OTGs. The company is also considering expanding its product line to include microwave ovens.
YTD Price Performance: -34.34%
Average Trading Volume: 15,698
Current Market Cap: 6.78B INR
For a thorough assessment of ELIN stock, go to TipRanks’ Stock Analysis page.