Indo Count Industries Ltd. Adjusts Operational Timeline for Kolhapur Capacity Addition
Indo Count Industries Ltd. announced a correction regarding the commissioning timeline for its capacity addition project. The update relates to the company's spinning facility located at Alte, Kolhapur, Maharashtra.The company issued a corrigendum following an earlier intimation concerning the expansion project. This correction addresses an inadvertent clerical error related to the expected operational timeline.
The initial announcement had specified that the facility would become operational by Q2 of FY 2027. The corrigendum officially changes this expected date. The revised timeline for the project becoming commissioned is now stated as 'by Q2 of FY 2028.'
Indo Count Industries Ltd. confirmed that all other details pertaining to the capacity addition and the project remain unchanged.
ICIL Stock Price Movement
Today, Indo Count Industries Limited shares edged higher, settling at ₹334.75 after gaining 6.44% in after-hours trading. The stock saw robust interest, trading a volume of 6.80 million shares, but remains below its 52-week high of ₹353.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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