Atul Auto, a leading three wheeler manufacturing company, announced that as a part of expansion strategy, the company has identified approx. 70 acres of agriculture land near Bavla in Ahmedabad district (Gujarat). Further, the company has acquired approx. 34 acres of land of total area of approx. 70 acres.
The company was looking into the upward momentum of growth of business; the company has been exploring various options for capacity expansion.
Shares of the company gained Rs 18.4, or 2.32%, to trade at Rs 813. The total volume of shares traded was 25,662 at the BSE (3.24 p.m., Tuesday).