India's Vibhor Steel Tubes gains on new facility ops update

Vibhor Steel Tubes

06/12/2024 05:50

** Shares of Vibhor Steel Tubes  VIBH.NS  rise 5.4% to 239.1
rupees, highest since Nov. 13
    ** Steel tubes maker anticipates its new Odisha facility to
commence operations by end of Jan. 2025
    ** Co's capacity to rise by 120,000 M.T. per annum, after
commencement
    ** VIBH sees second-busiest day in near three weeks, with
over 32,000 shares traded
    ** Stock down 77% since its listing in Feb. 2024

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))