Heranba Industries commences Commercial Production at its new Unit-IV

Heranba Industries Limited ('Heranba') has announced the commencement of commercial production from new Unit-IV situated at Plot No.1409, GIDC, Vapi - 396 195 ('Unit-IV').

This development is in line with company's commitment and promises towards fostering sustainable growth while also creating job opportunities in the region.

Heranba expects this new Unit IV to generate annual revenue of Rs.1000 million. The Production Capacity and Capacity Utilisation of this new Unit-IV will be 1200 MTPA at maximum capacity. Further no more Capital Expenditure will be required in near future for this Unit-IV.

Commenting on this development, Mr R K Shetty, Managing Director, Heranba, said, "This Commercial Production will generate additional revenue for our Company. This is in line with our commitment and promises made in the past. This commencement of commercial production is a recognition of Heranba's established track record, healthy accruals and resiliency of the business model. Our continued growth trajectory shows the strong and resilient DNA that we are built on. We are dedicated to accelerate revenue growth and to improve productivity in order to achieve significant margin expansion, and we continue to view FY22 as a crucial acceleration point in Heranba's growth trajectory. We remain focused in delivering better services thereby benefiting all the stakeholders."

Shares of Heranba Industries Limited was last trading in BSE at Rs. 670.80 as compared to the previous close of Rs. 668.05. The total number of shares traded during the day was 15416 in over 1818 trades.

The stock hit an intraday high of Rs. 673.00 and intraday low of 655.00. The net turnover during the day was Rs. 10239805.00.

Source : Equity Bulls

Keywords

HeranbaIndustriesLimited INE694N01015 Agrochemicals Unit4 CommercialProduction ExpansionProject