Further, the non utilization of these plants will not have any impact on volumes / production of the Company because third party manufacturing / conversion contracts are in place to cater to the demand, said company in a regulatory filing.
In addition, Management proposes to acquire a pasta plant, from Italy with a capacity of 2000 kg/hr for setting-up a manufacturing facility with a total capex around Rs24cr at Gohana, Sonipat, Haryana.
The existing capacity is 2000 Kg/hr at the pasta plant in Gurgaon whose capacity utilization is at 95%.
The expansion project currently underway is 3000 kg/hr pasta plant at Sonipet, Haryana. Presently commercial production has not commenced and is expected to commence around November 2021.
The 2000 kg/hr pasta plant at Sonipat, Haryana is also expected to commence around April 2022.
The capex will be financed through financing from Banks, funding by Promoters and internal accruals.
At around 12:18 PM, Bambino Agro was trading higher by 5% at Rs316.40 per piece on Sensex.