Riddhi Siddhi to Expand Viramgam Unit

Riddhi Siddhi Gluco Biols Ltd has announced that the Company has increased the maize grinding capacity of its Viramgam Unit from 100 tonnes per day to 250 tonnes per day. This unit, being closer to major ports in Gujarat, would focus on exports apart from serving its domestic clients.

Total maize processing capacity of the Company would increase to 5 lakh tpa with its Uttaranchal unit which is expected to be commissioned shortly.

The stock was trading at Rs.271, up by Rs.4.15 or 1.56%. The stock hit an intraday high of Rs.277.50 and low of Rs.267.

The total traded quantity was 3368 compared to 2 week average of 6902.

Source : Equity Bulls

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