Home grown electronics firm Salora International will set up a manufacturing line at its existing factory for production of mobile phones.
"The company at its board meeting held on July 2 has approved the proposal to set-up a manufacturing line for commercial production of mobile phones at company's factory premises at Noida, Uttar Pradesh," the company said in BSE filing.
It further informed that the company has appointed Ashok K Kucheria as its new Chief Financial Officer (CFO). The Delhi-based firm's products portfolio includes TV, smartphone, tablets, multimedia speakers, 3G data cards and melamine and glassware products.
Shares of Salora International were trading at Rs 60.35 per scrip at 1338 hrs on BSE, up 3.96 per cent from its previous close.