Subscribe To Our Free Newsletter |
Kaynes Technology shares rally 9% after Union Cabinet gives green light to semiconductor unit
Kaynes Technology's shares rose by 8.5% after its subsidiary, Kaynes Semicon, received Union Cabinet approval to establish an OSAT facility in Sanand, Gujarat. The project, worth Rs. 3,307 crores, will produce 63 lakh chips daily for various applications, including industrial and automotive sectors. Both the central and state governments will support the investment.