Hindustan Foods' arm starts commercial dispatch from new facility near Lucknow

HFL Consumer Products Private Limited, ('HCPPL'), a Wholly Owned Subsidiary of Hindustan Foods Limited, has made its first commercial dispatch from its newly completed food and beverages manufacturing facility near Lucknow in Uttar Pradesh.

The capex was funded through a combination of internal accruals and debt.

The HCPPL expects to ramp up this facility within the next couple of months and is also exploring the possibility of expanding the capacity further.

Shares of Hindustan Foods Limited was last trading in BSE at Rs. 1784.80 as compared to the previous close of Rs. 1818.85. The total number of shares traded during the day was 1513 in over 450 trades.

The stock hit an intraday high of Rs. 1815.80 and intraday low of 1780.00. The net turnover during the day was Rs. 2711293.00.

Source : Equity Bulls

Keywords

HindustanFoods INE254N01018 HFLConsumerProducts CommercialDispatch Food Beverages Lucknow UttarPradesh