Sudarshan Polyfab Pvt Ltd commences commercial production

Sudarshan Polyfab Private Limited, subsidiary of Yash Management & Satellite Limited, has successfully began the commercial production at its Greenfield plant situated at Divine Industrial park, Laxmanpura, (Dist. Mehsana, Gujrat).

Sudarshan Polyfab has chosen Lakshmanpura, dist-Mehsana, Gujrat as the location for its first manufacturing unit because this region has developed into a prime cluster of top woven sack player of the country.

The Plant has been set up to manufacture PP/HDPE woven fabric and laminated/ un-laminated bags, with production capacity of 4800 MT per annum.

The factory building spans over 1,00,000 sq. ft. and has been designed using various Indian and American codes. Best quality machinery has been procured across the globe. Some of these machines include Lohia Corp's Duotec Tape Extrusion Line (one) and Circulate Looms (54 Nos.), Extrusion Lamination Plant, Bag conversion Systems, Gusseting Systems, and stitching machines including Quality Control Lab Equipment's i.e Tensile Tester, Muffle Furnace, Digital Wrap Reel, MFI Tester etc.

Packaging industry has been growing by more than 30% per annum globally, where woven sacks has played a key role in this growth. Presently woven sacks are used for packaging of food products, agro products, sugar, fertilizers, cements, chemicals, animal & pet food, spices & nuts, tea & coffee, minerals and many more. Due to its enhanced properties, woven bags have replaced almost all other packaging materials. With increase in its application, the demand for woven sacks is growing across the globe. Indian woven sack industry has been the second largest exporter of woven sacks in the global market, catering about 30% of the demand.

Mr. Anurag Gupta, MD, Yash Management & Satellite Limited. Said "We are happy to announce the commencement of commercial production at our subsidiary Sudarshan Polyfab Private Limited's plant at Gujrat. We have ambitious growth plans to expand our capacities in India, and this plant is a step in that direction. We are very proud that it is a 'Green Plant' designed to meet our ambition for a sustainable future." We are able to meet the targeted schedule of commencement of commercial production even on the prevailing corona pandemic period by obeying Govt. regulations, social restrictions and overcoming difficult business scenario, shortage of labor and other hurdles. This is the new beginning in the company's business activities towards manufacturing side. The manufacturing operations will add company's gross revenue and profitability, which ultimately benefit the shareholders of the company.

Shares of YASH MANAGEMENT & SATELLITE LTD. was last trading in BSE at Rs. 10.03 as compared to the previous close of Rs. 10.10. The total number of shares traded during the day was 1189 in over 13 trades.

The stock hit an intraday high of Rs. 10.48 and intraday low of 10.00. The net turnover during the day was Rs. 12150.00.

Source : Equity Bulls

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YASHMANAGEMENTandSATELLITE INE216B01012 SudarshanPolyfab CommercialProduction