Unimech Aerospace and Manufacturing Ltd. saw its shares rise by 2.26% today, reaching ₹1,014.90, up from the previous close of ₹992.50. This surge comes after the company’s credit rating was upgraded by ICRA to A+ from A for its ₹180 crore bank facilities.
The company also announced the inauguration of its expanded facility at the Bengaluru Aerospace SEZ Park on 18th February 2025. This expanded facility spans over 60,000 square feet, increasing its operational space by 50%. The expansion includes the installation of 24 new machines, with another 16 machines already ordered to further enhance production capacity. The facility is strategically located in an area vital for India’s aerospace and defense industries, supporting the country’s technological advancements in these sectors.
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