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Epack Durable Limited ( (IN:EPACK) ) just unveiled an update.
Epack Durable Limited’s board has approved the establishment of an additional manufacturing facility in Bhiwadi to address space constraints at its existing plant, with the new site dedicated to handling air cooler production through relocation of existing production lines rather than adding capacity, and supported by leasing suitable land. In a parallel move, the company has initiated legal proceedings against customer Gangnam Steel Retail Private Limited for alleged wilful non-payment of dues amounting to about Rs 19.61 crore for supplied goods, a step aimed at recovering significant receivables and reinforcing its stance on credit discipline and protection of its financial interests.
More about Epack Durable Limited
Epack Durable Limited operates manufacturing facilities in Dehradun, Bhiwadi and Sri City, producing consumer durable goods, including air coolers, for the Indian market. The company’s footprint across key industrial clusters underlines its role as an OEM/consumer durables manufacturer with a focus on scalable production capacity for leading brands and domestic demand centers.
Average Trading Volume: 238,530
Technical Sentiment Signal: Sell
Current Market Cap: 27.71B INR
For a thorough assessment of EPACK stock, go to TipRanks’ Stock Analysis page.