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Jan 11, 2017 09:59 AM IST | Source: Moneycontrol.com

Endurance Tech starts operations at Germany plant; shares up 6%

Endurance Amann GmbH, the company's wholly owned subsidiary in Germany, has commenced operations at its new machining plant from January 10, 2017.

 
 
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Share price of Endurance Technologies rose more than 6 percent intraday Wednesday as it has commenced operations at its new machining plant.

Endurance Amann GmbH, the company's wholly owned subsidiary in Germany, has commenced operations at its new machining plant from January 10, 2017.

The plant is located at Massenbachhausen, Germany, in proximity to the existing two plants of Endurance Amann GmbH.

The new plant admeasuring about 4,500 square meters will contain machining operations, warehouse and office facilities.

The company's board meeting is scheduled to be held on February 08 to consider and approve the unaudited financial results for the quarter and nine months ended on December 31, 2016.

At 09:40 hrs Endurance Technologies was quoting at Rs 582.60, up Rs 25.15, or 4.51 percent on the BSE.

Posted by Rakesh Patil
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