Bosch up 2.5%, starts new manufacturing facility at Bidadi

Moneycontrol BureauShares of Bosch rose 2.5 percent intraday Thursday. The company has inaugurated its new manufacturing facility at Bidadi, Bengaluru in the State of Karnataka.Construction of the Bidadi plant spans over two phases, with the second phase scheduled to be completed by 2018.This new state-of-the-art manufacturing facility will produce diesel products that were previously manufactured at the Adugodi plant, and would have over 2,600 associates working at the facility. The new plant in Bidadi will produce common rail pumps & rails in the first phase & conventional fuel injection pumps production will start in the second phase, as per BSE Release.This facility is spread over 38,000 square meters with an investment of around Rs 340 crore.At 12:29 hrs Bosch was quoting at Rs 23,200, up Rs 473.35, or 2.08 percent on the BSE.Posted by Rakesh Patil