Hindustan Composites (NSE:HINDCOMPOS, BOM:509635) has received board approval to diversify its business into trading metals and commodities, according to a Monday filing to the Indian stock exchanges.
The company has planned an initial investment of up to 250 million Indian rupees in the new business, which may gradually
as the scale of operation increases.
The foray into the business of trading in metals and commodities is expected to increase the company's profitability, as well as introduce a new revenue stream.
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