Gujarat Ambuja Exports Ltd has decided to setup a Greenfield Corn Wet Milling Plant to manufacture Starch, Starch Derivatives and Polyols viz., Sorbitol, Maltitol and Mannitol at Sitarganj, Uttaranchal.
The existing capacity of 750 TPD (Unit I and Unit II) is running at capacity utilization of 90%. The proposed capacity addition of 1000 TPD (Unit III) will be done at an outlay of approx. Rs. 400 crores to Rs. 500 crores.
The proposed capacity will be implemented within 18 months and it will be financed through internal accruals.
Shares of Gujarat Ambuja Exports Limited was last trading in BSE at Rs. 170.35 as compared to the previous close of Rs. 170.65. The total number of shares traded during the day was 22364 in over 1192 trades.
The stock hit an intraday high of Rs. 173.95 and intraday low of 169.25. The net turnover during the day was Rs. 3860482.00.