Kings Infra hits the roof on signing agreement with ICAR-CIFT for Technology License

23 Aug 2022 , 11:44 AM

Kings Infra Ventures Limited signed a memorandum of understanding with the Central Institute of Fisheries Technology to develop ready-to-eat and ready-to-serve fish products using steam or water immersion technology capable of achieving a very long shelf life under normal room temperature without the use of any chemical additives or preservatives.

Following this development, company’s counter skyrocketed to a new 52-week high of Rs92.45 on BSE.

The project’s focus would be on safe food items with very extended shelf lives under ambient storage settings, in conformity with the requirements of the USFDA and other regulatory bodies.

According to Shaji Baby John, Chairman and Managing Director of Kings Infra, the unique project would also help in optimizing ingredients, processing, and heating conditions of region-specific cultural foods.

The key advantage of the initiative is the elimination of the requirement for particular storage temperatures, he further stated.

The two companies would also work together on a project with the help of a specifically built machine to extract the protein content from the shell before adding chemicals. The enhanced technique significantly reduces the usage of chemicals. The approach contributes to higher chitin and chitosan quality at a lower cost.

The company outlined that the chemical consumption will be minimized, which reduces the cost of wastewater treatment. The separated protein may be utilized to make a variety of products, including feed and other bioactive compounds.

ICAR-CIFT is an Indian technological institute under ICAR that caters to the complete spectrum of fisheries operations, from harvest to post-harvest activities.

At around 11.48 AM, Kings Infra Ventures was trading at Rs91.60 up by 8.92% from its previous closing of Rs84.10 on the BSE.