Gopal Snacks Operationalizes New Manufacturing Facility in Modasa (Gujarat)

Gopal Snacks Limited, ("Gopal Snacks Ltd" or the "Company") (BSE: 544140; NSE: GOPAL) a leading FMCG company in India renowned for its high-quality snack products, has announced the successful establishment and operationalization of a new Gathiya & Namkeen manufacturing facility at Modasa, Gujarat. This cutting-edge manufacturing facility features higher Capacity Fryers & Ultra-modern dispatch facility.

Trail Production has been started as on this date, further progress on rump up of Production will be communicated in due course of time. This new facility partially restores the production capacity of the Rajkot plant, which was affected by a Fire. Post this fire incident, major hurdle was Supply Chain since different products were manufactured at different locations, resulting in higher order service time and inconvenience to dealers.

With commissioning Modasa facility, company is confident that Supply Chain Issues will be addressed, since Dealer requirement will be meet from single location and company is also expecting increase in Dealer order value and frequency.

Details of the Modasa Plant:

- Installed Capacity (Restore of Rajkot Facility): 63,085 MT, with plans to gradual scale up over the time

- Product Portfolio: Gathiya and Namkeen

- Operational Strategy: This plant will target to service Part of Gujarat (other than Saurashtra and Kutch), Rajasthan, Madhya Pradesh and part of Maharashtra.

Commenting on the agreement, Mr. Bipin Hadvani, Chairman said, "The operationalization of the Modasa plant is a key milestone in our journey to strengthen our production capabilities and ensure continuous growth. By restoring production capacity and enhancing supply chain flexibility, this facility allows us to better serve the expanding demand in key markets like Rajasthan, Maharashtra and Madhya Pradesh. This development highlights our commitment to providing highquality products while maintaining operational efficiency and market competitiveness."

Shares of Gopal Snacks Limited was last trading in BSE at Rs. 352.25 as compared to the previous close of Rs. 348.70. The total number of shares traded during the day was 12644 in over 785 trades.

The stock hit an intraday high of Rs. 355.05 and intraday low of 349.00. The net turnover during the day was Rs. 4454638.00.

Source : Equity Bulls

Keywords

INE0L9R01028 GopalSnacks PackagedFoods NewManufacturingFacility Modasa Gujarat