VST Tillers gains on MoU with Karnataka government

Shares of VST Tillers Tractors were up nearly 3% at Rs 1,524 after the company said it has  entered into an agreement with Government of Karnataka for establishment of Custom Hire & Service Centres.

In an effort to revolutionise farm mechanisation in Karnataka the company in a release said that it has entered into an agreement with Karnataka Government for establishment of 92 Custom Hire Service Centres in nine districts.

The scheme which is the brain child of Agriculture Minister Sri Krishna Byregowda will be a boon to small farmers and will revolutionise farm mechanization in Karnataka, said B.C.S. Iyengar, Director, Corporate Strategy.

The stock opened at Rs 1501 and touched a high of Rs 1,540. At 11:20am, over 3,700 shares were traded on both the stock exchanges.