Shurwid Industries to expand factory building

Shurwid Industries will invest Tk 40 million to expand its factory building along with setting up a solar panel with metering facilities.

Engineer Mahmudul Hasan, chairman of Shurwid Industries, said the factory building would be expanded vertically.

"After setting up the solar panel, surplus electricity will be added to national grid and the company will be financially benefited at this," Mr. Hasan said.

He said the company will be a green industry following the fresh investment worth Tk 40 million.

Shurwid Industries, presently a 'Z' category company, was listed on the stock exchanges in 2014.

The company's sponsor-directors hold 9.99 per cent shares, while general investors hold 90.01 per cent shares as of October 31, 2018.

The company's share price closed at Tk 29 each on Sunday with a loss of 4.62 per cent or Tk 1.40 on the Dhaka Stock Exchange (DSE).

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