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Avanti Feeds begins commercial production at new Feed unit; Stock gains 2%

5 Dec 2022 , 09:17 AM

Stock Market Trader, Stock Trader, Trading

Avanti Feeds Limited has successfully commenced commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh with effect from December 03, 2022, with an estimated total cost of Rs125 crore.

As per the regulatory filing to the exchanges, the company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MTs. The total production capacity (all units) of the company has been increased from 6,00,000 MTs to 7,75,000 MTs.

At around 9:16 AM, Avanti Feeds Ltd is currently trading at Rs405 per share up by Rs8 or 2.02% from its previous closing of Rs397 per share on the BSE.

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