Titan Industries, a manufacturer of watches, jewellery and sunglasses, announced that a brand stainless steel case manufacturing facility has been commissioned at Kallapalayam, Palladam-Cochin Frontier road, Coimbatore, Tamilnadu. This plant has been set up with technical assistance from SEIKO EPSON, Japan to manufacture high-end stainless Steel Cases meeting global standards of quality with an investment in excess of Rs 750 million.

The initial capacity of the facility is 1 million cases/annum scalable to 2 million/ annum and an employment potential of 250 people.

Shares of the company gained Rs 5.2, or 1.36%, to settle at Rs 387.25. The total volume of shares traded was 112,375 at the BSE (Friday).