This Ashish Kacholia portfolio stock will likely be in focus tomorrow!

Shares of Inflame Appliances have delivered robust returns of ~52 per cent over the last 12 months.

Inflame Appliances has provided an update on their new production plant at Maheshwaram, Hyderabad. The construction for the plant is on total area of 73,500 sq. feet is being constructed for work/office. The construction is carried out considering requirement of space after future expansion for new products lines such as OTG, built-in oven, cooking range etc. 

The company proposes to manufacture of gas stoves, gas hobs and chimneys with immediate effect whenever they commence production.

The proposed facility is expected to commence its operations by latter part of Q4. There is delay of about 45 days in completion of work which is due to heavy rains in September and October of 2022 and also due to expansion in construction from 41000 to 73500 sq. feet.

The company also said that all the machines are already ordered and are expected to be at our plant site by end of January 2023. The glass processing machines would be installed in June 2023.

Inflame Appliances Limited was originally formed as a partnership firm in the name and style of M/s Techno Engineering Corporation. On October 16,2017 the partnership firm was thereafter converted into a public limited company. The company is engaged in manufacturing of LPG gas stoves and sheet metal components. The company's manufacturing facilities situated at Panchkula.

Shares of Inflame Appliances have delivered robust returns of ~52 per cent over the last 12 months.

Investors should keep a close eye on this stock for tomorrow's session.