The corn wet milling plant is being set up for the manufacturing starch, starch derivatives and polyols viz., sorbitol, maltitol and mannitol.
The companys existing corn wet milling plants (Unit I and Unit II) have a capacity of 750 tonnes per day (TPD), with capacity utilization rate of 90%.
The proposed capacity addition of 1000 TPD (Unit III) would be done within a period of 18 months.
The cost of the same would approximately be between Rs 400 crore and Rs 500 crore, which would be financed via internal accruals.
Gujarat Ambuja Exports is involved in the manufacturing of corn starch derivatives, soya derivatives, feed ingredients, cotton yarn, and edible oils.
The companys consolidated net profit rose 41.72% to Rs 103.17 crore on a 16.43% increase in sales to Rs 1151.82 crore in Q2 FY22 over Q2 FY21.
Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.