Punj Lloyd To Produce Small Arms In MP, In JV With Israel Weapon Industries

Following the inauguration of Punj Lloyd’s small arms manufacturing plant at Malanpur in Madhya Pradesh on May 4, 2017, the stock price of the company surged on the bourses.

The new manufacturing unit will be functional under the ambit of the joint venture between the companies wholly owned subsidiary Punj Lloyd Industries and Israel Weapon Industries, according to the company’s media release. Th company’s venture will be the maiden opportunity for the country to produce small arms in India.

At 10:00 hrs IST, the stock of Punj Lloyd was trading at Rs 24, up by 4 per cent on the BSE on May 5, 2017. The stock had opened at rs 23 on the same day.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 
Share on Google Plus Share on Pinterest

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.