Kaveri Seeds, one of lndia's premier seed companies with a strong R&D base for developing quality hybrids of key Indian crops today announced the commencement of its corn cob drying facility at Molangur - Karimnagar in Telangana.
The plant is Asia's largest and the first of its kind cob dryer. This plant has a bio mass, double pass dryer Corn cob drying unit, which is fully automated and has the best and state of art infrastructural capability. The capacity of the cob drying facility is 1,456 Mt per cycle which is distributed across 36 Bins.
Speaking on the occasion, Mr. G.V Bhaskar Rao - Chairman & MD, Kaveri Seeds said, "We have been continuously investing in state of the art technology enabled seed processing facilities in order to meet rising demand for our farmer focused high quality and high performance seeds. We are extremely happy to launch this first of its kind, world class corn cob drying facility in Telangana which will help increase germination and vigor and also the shelf life of seeds thereby helping us to manage the inventory better, from this season onwards."
Kaveri Seed Company has invested around Rs.20 crore exclusively for cob drying facility in its existing integrated seed conditioning & packing facility, spread over 15 acres of land. The cob drying facility can process 400 mt of fresh corn cobs per day.
Kaveri Seeds is a robust franchise. built organically over the last 30 years, and will continue to be amongst the top seed companies in the country. Kaveri Seeds is the only company to have a footprint across Cotton, Maize, Millets, Vegetables and Rice, and also the largest pipeline in hybrid seeds across categories.
Shares of KAVERI SEED COMPANY LTD. was last trading in BSE at Rs.439.6 as compared to the previous close of Rs. 438.6. The total number of shares traded during the day was 22677 in over 594 trades.
The stock hit an intraday high of Rs. 445 and intraday low of 439.2. The net turnover during the day was Rs. 10020512.