Riddhi Siddhi Gluco Biols Ltd Share Price

Summary

Riddhi Siddhi Gluco Boils Ltd (Formerly known as Riddhi Siddhi Starch & Chemicals Limited) was incorporated in Jul.90. The company became a public limited company in Feb.92 and its name was changed to the present one in Apr.92. The Company is engaged in thebusiness of generation and selling power through windmills and in business of trading in agriculture and metal commodity items. The Company had sold its Corn Processing Business during FY 2011-12, and invested the sale proceeds realized into various treasuryinstruments to optimize the return on surplus / idle funds.The company came out with a public issue in Nov.93 to part-finance a project to set up an unit to manufacture starch and its by-products in Junapadhar (Ahmedabad district), Gujarat.The companys products include maize starch powder, white dextrine, yellow dextrine, thin boiling starch and oxidised starch. These products are used in industries like food products, pharmaceutical formulations, packing materials, textiles, etc. The by-products generated during the manufacturing process are husk fibre, gluten, oil cake and maize oil. Husk fibre, gluten and oil cake are sold as cattle feed and maize oil is refined further to produce edible oil. The Company enhanced the capacity of down stream products with substantial increase in the basic capacity of maize crushing and implemented a 6 MW Bio Mass based Co-generation Power Plant at its Gokak unit during the year 2001-02.During 2007-08, the Company expanded the Viramgam
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