Hatsun Agro Product Limited updates on expansion projects

The Board of Directors of Hatsun Agro Product Limited at their meeting held today, i.e., 18 October, 2021, has discussed the status of the below mentioned CAPEX projects for the financial year 2021-22.

Expansion for Milk Products facility in Shirashi, Mangalwada Taluk, Solapur, Maharashtra:

Besides the existing Milk handling capacity of 6 Lakh Liters Per Day, the Company is in the process of increasing the capacity further by adding another 50,000 Liters Per Day to produce Lassi, Butter Milk and Other Products and this expansion is likely to be completed by end of October, 2021.

Milk Products Plant in Uthiyur, Kangeyam Taluk, Dharapuram, Tamil Nadu:

Besides the existing manufacturing facilities for Paneer with a capacity of 5 MT per day and Milk handling capacity of 3.5 Lakh Liters Per Day, the Company is now in the process of setting up a Curd processing unit with a capacity of 1.0 Lakh Liters Per Day which is likely to commence the commercial production by the end of March 2022.

Ice Cream plant in Govindapur, Zaheerabad Taluk, Sangareddy district, Telangana:

The construction activities are going on and the Plant with a capacity of about One Lakh Kgs per day is expected to be commissioned by the end of November, 2021. The estimated capex is about Rs.311 Crores.

Expansion of Cattle Feed Plant in our Sangola Plant, Maharashtra:

The above mentioned Plant has the capacity of manufacturing 2500 MT per month of Cattle Feed as of now. The Company proposes to increase the Capacity to 5500 MT per month. The Construction activities for the proposed increase are in progress and the Plant is expected to be Commissioned by the second week of December, 2021.

The abovesaid Expansion Plans relating to Ice Cream, Milk, Curd, Milk Products and Cattle Feed will be Commissioned before the end of FY 2022 in a phased manner at a total Investment Value of about Rs.450 Crores.

Solar power generation through Swelect Sun Energy Private Limited, Tamil Nadu:

This project, for generation of Solar Power, has been successfully commissioned and the commercial production commenced from 01.10.2021 onwards.

Shares of Hatsun Agro Product Limited was last trading in BSE at Rs. 1477.95 as compared to the previous close of Rs. 1456.85. The total number of shares traded during the day was 4223 in over 889 trades.

The stock hit an intraday high of Rs. 1533.65 and intraday low of 1465.00. The net turnover during the day was Rs. 6253709.00.

Source : Equity Bulls

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HatsunAgroProduct INE473B01035 CapexProjects Status