HIL witnessed a rise in share price on Thursday after the company announced start of commercial production of coloured steel sheets at its manufacturing facility in Wada, Maharashtra. Initial production capacity of the said plant is 800 MT per month. The coloured steel sheets will be sold under the brand name of Charminar.

HIL is manufacturer and seller of AC roofing sheets under the brand name of Charminar, AAC blocks, Sandwich panels and cPVC & uPVC pipes under the brand name of Aerocon.

Shares of HIL are trading at Rs 725, up Rs 54, or 8.05% at the Bombay Stock Exchange (BSE) on Thursday at 11:26 a.m.

Total volume of shares traded on the bourses today was higher by 1,026.97% to 75,773 compared with 22-day average volume of 6,724.