Bonlon Industries to likely acquire industrial plot in Rajasthan

Share price of Bonlon Industries Limited surged 3.8% to ₹37.85 on Thursday, after announcing its plan to acquire an industrial plot of land in Bhiwadi, Rajasthan, with the purpose of setting up a manufacturing plant of High Tension Cables. The estimated investment required in land is ₹11.27 crore, with the internal accruals as its mode of financing.