Radico Khaitan Ltd announces expansion projects

The Board of Directors of Radico Khaitan Ltd in their meeting held on 3rd February, 2022, approved the following two capital projects which would enable the Company to capitalize on the future growth opportunities in the branded business along with securing raw material supplies:

a) Conversion of our existing 140 KL per day molasses plant at Rampur, UP into dual feed ("Rampur Dual Feed")

b) Establishment of a new greenfield grain based distillery in Sitapur, UP with production of upto 330 KL per day ("Greenfield Project")

Shares of Radico Khaitan Limited was last trading in BSE at Rs. 1075.90 as compared to the previous close of Rs. 1061.50. The total number of shares traded during the day was 6513 in over 651 trades.

The stock hit an intraday high of Rs. 1081.00 and intraday low of 1064.85. The net turnover during the day was Rs. 7001849.00.

Source : Equity Bulls

Keywords

RadicoKhaitan INE944F01028 ExpansionProjects Distillery Grainbased RampurDualFeed