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Hitachi inches up on inaugurating re-constructed manufacturing facility at Gujarat

14 Jan 2013 Evaluate

Hitachi is currently trading at Rs. 161.60, up by 1.10 points or 0.69% from its previous closing of Rs. 160.50 on the BSE.

The scrip opened at Rs. 155.00 and has touched a high and low of Rs. 163.60 and Rs. 155.00 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.00 on 09-Jan-2013 and a 52 week low of Rs. 98.00 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs. 171.00 and Rs. 158.00 respectively. The current market cap of the company is Rs. 371.00 crore.

The promoters holding in the company stood at 69.90% while Institutions and Non-Institutions held 1.65% and 28.45% respectively.

Hitachi Home & Life Solutions (India) (HHLI), a subsidiary of Hitachi Appliances Inc., Japan, has inaugurated its reconstructed air-conditioner manufacturing unit-2 at Kadi in Gujarat. The Chief Minister of Gujarat inaugurated the plant on January 13, 2013. The plant was entirely gutted in a major fire incident which happened on July 18, 2012. This manufacturing facility is unit-2 of the company’s plant at Kadi, 40 km. from Ahmedabad.

This facility spread at a plot of 85,000 square meters with approximately 35,000 square meters of industrial shed, was re-built in a record time of five and half months. The plant has a capacity to produce 6 lakh units (2.3 lakh units in single shift) per year. The facility will be manufacturing window & spit air-conditioners, water cooled chillers, set free (front flow) and spacemaker (telecom tower AC).

Hitachi Home and Life Solutions (India), popularly known as Hitachi, is engaged in manufacturing a range of electronic home solutions. The company is among the leading air-conditioning companies in India, which exports to SAARC, Middle East and few more countries globally.

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