Tanvi Foods India Ltd receives food facility approval from USFDA

Tanvi Foods India Ltd has received food facility approval from U.S. Food & Drug Administration (USFDA) under the Federal Food, Drug and Cosmetic Act for manufacturing its ready to cook, frozen snacks and other food items from its new state of art manufacturing unit at Seetharampuram, Andhra Pradesh. The said registration is valid upto 31.12.2024.

Up until now, the products of the Company were exported and sold majorly in Australia, Canada and the United States under a private label arrangement with major foreign players, however, this approval shall enable the Company to export products under its own brand name with better margins, facilitate exporting its products in many other countries including the United Kingdom, Middle East and African countries and will also enhance the credibility of the products in the domestic market.

Tis state of art unit has been constructed in line with international standards in order to maintain the highest standards of food quality and human safety and receipt of this approval from USFDA only confirms the same.

Shares of Tanvi Foods (India) Ltd was last trading in BSE at Rs. 139.95 as compared to the previous close of Rs. 125.00. The total number of shares traded during the day was 6000 in over 6 trades.

The stock hit an intraday high of Rs. 149.00 and intraday low of 121.10. The net turnover during the day was Rs. 827000.00.

Source : Equity Bulls

Keywords

TanviFoodsIndia INE978V01015 USFDA FoodFacilityApproval ManufacturingUnit Seetharampuram AndhraPradesh