Gopal Snacks enters Third-Party Manufacturing Arrangement for New Facility in Chhattisgarh

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 that it has entered into a third-party manufacturing arrangement for a new facility located at Manendragarh (Chhattisgarh).

The facility will enable the Company to strengthen its operational footprint in Chattisgarh, support efficient servicing of trade partners, and enhance its market reach across adjoining regions. This strategic addition aligns with the Company's focus on expanding its supply chain flexibility, increasing Margins and also maintaining quality and consistency across its product portfolio.

Details of the Manendragarh (Chhattisgarh) Facility:

- Installed Capacity: 2,240 MTPA
- Product Portfolio: Wafers
- Operational Strategy: Focused on improving supply-chain flexibility in Chhattisgarh enabling better servicing of dealers and supporting wider distribution coverage across the state

- Financial Benefit- This will drastically reduces Transportation cost and will improves profit significantly for that state.

Commenting on the agreement, Mr. Bipin Hadvani, Chairman said, Post Modasa plant becoming Operational company is significantly planning to expand its product portfolio in other states also. After Karnataka and Uttarakhand company has entered into agreement for manufacturing wafer plant in Chhattisgarh looking at consistent demand trend in this markets. from customers.

Shares of Gopal Snacks Limited was last trading in BSE at Rs. 316.80 as compared to the previous close of Rs. 314.95. The total number of shares traded during the day was 3709 in over 235 trades.

The stock hit an intraday high of Rs. 317.75 and intraday low of 314.00. The net turnover during the day was Rs. 1168901.00.

Source : Equity Bulls

Keywords

INE0L9R01028 GopalSnacks PackagedFoods ThirdParty ManufacturingArrangement NewFacility Chhattisgarh