Ritesh International Ltd announces major capacity expansion

Ritesh International Limited is a leading Indian manufacturing company engaged in manufacturing of Stearic Acid, Fatty Acid and Glycerin (non-edible oil). The company serves various key domestic clients with high-quality products.

- Total Capital Expenditure of ₹ 7.00 Crore funded via Bank Debt and Internal Accruals
- Production Capacity to expand from 80 metric ton per day to 120 metric ton per day.
- Commercial operations expected to commence by [Q1 FY27-28].
- Strategic investment to strengthen market share and enhance operating margins

RITESH INTERNATIONAL LIMITED, a premier manufacturing entity, today announced a major strategic capacity expansion plan. The Company's Board of Directors has approved a 50% capacity expansion at its existing facility in Ahmedgarh.

The project involves an estimated total capital expenditure of ₹ 7.00 Crore, which will be financed through a balanced mix of long-term bank loans of about Rs. 1.00 Crore and balance of about Rs. 6.00 Crores from internal accruals. The expansion project is scheduled to be completed within period of approx. 8 months, with commercial production targeted for Q1 FY27-28.

Commenting on the expansion, Mr. Ritesh Arora, Chairman cum Managing Director, said: "This 50% capacity addition marks a pivotal milestone in our company's growth trajectory. With our existing facilities operating near peak capacity utilization, this expansion directly responds to rising customer demand across our core markets. By leveraging debt financing and internal accruals prudently, we maintain a healthy balance sheet while positioning the company for sustained revenue growth and operational efficiencies."

Shares of RITESH INTERNATIONAL LTD. was last trading in BSE at Rs. 77.61 as compared to the previous close of Rs. 74.82. The total number of shares traded during the day was 5346 in over 85 trades.

The stock hit an intraday high of Rs. 78.40 and intraday low of 74.50. The net turnover during the day was Rs. 414529.00.

Source : Equity Bulls

Keywords

RITESHINTERNATIONAL INE534D01014 Chemicals CapacityExpansion