The Board of directors of Hatsun Agro Product Ltd discussed the status of the below mentioned CAPEX projects for the financial year 2020-21 as given below:
Milk and Milk Products Plant in Solapur, Maharashtra:
Plant has been erected with a capacity to handle 4 LLPD. Presently, the trial Production is under progress and the full-fledged commercial production is expected to commence by the end of January 2021.
Milk Products Plant in Udhiyur, Dharapuram, Tamil Nadu:
The Company has installed the facilities to manufacture Paneer with a capacity of 5 MT per day and now the trial production is under progress. Commercial Production is expected to commence by the end of January, 2021.
The Company is also proposing to set up milk processing unit with a capacity of 1.5 LLPD which is likely to commence the commercial production by the end of March 2021.
Ice Cream plant in Govindapur in Zaheerabad taluka, Sangareddy district, Telengana:
The construction activities are going on and the Plant with a capacity of about One Lakh Kgs per day is expected to be commissioned by the end of March, 2021. The expected capex outflow has been enhanced to Rs.311 Crore from the earlier estimation of Rs.245 crore.
Shares of HATSUN AGRO PRODUCT LTD. was last trading in BSE at Rs.752.6 as compared to the previous close of Rs. 722.3. The total number of shares traded during the day was 49595 in over 3928 trades.
The stock hit an intraday high of Rs. 776 and intraday low of 711. The net turnover during the day was Rs. 37443986.