Recent Acquisition
The company had also recently announced having acquired an operational Rice Processing Facility with substantial stake-holding through a Joint-Venture Agreement with the existing stakeholders. This rice manufacturing unit, situated in rice bowl of north India, has an installed capacity of 21000 Metric Tonnes of Export Quality Rice per Annum. The Company is targeting backward integration and deeper reach in the supply chain of life essential items via acquisitions and joint ventures eying better control over the quality along-with better economies and will be in a stronger position to tap into the potentials in the domestic market and the international markets as well.
The company is also exploring expanding its business through acquisitions of operational facilities and is in advanced stages of studying, comparing and finalising acquisition of processing facilities under its long-term plan to BroadBase the business interests in life essential products with a special focus on the strong Agro Products Markets within India as well as across the globe.
Management speaks
This story is from the September 2022 edition of Indian Economy & Market.
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This story is from the September 2022 edition of Indian Economy & Market.
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