Sigachi Industries Limited widens its horizons, Ventures into the human nutritional segment

Hyderabad's homegrown Sigachi Industries Limited, India has ventured into the human nutritional segment, with a prime focus on B2B markets, in India and across the globe. The company is driving the Indian growth story in the microcrystalline cellulose category with its continuous focus on innovation and quality within the industry. Alongside pharma, Sigachi will be now expanding its horizon by exploring nutritional markets in India and across 45 countries, where it currently exports. The product portfolio will widely incorporate spray-dried ingredients, micronutrient premixes, encapsulated ingredients, granulated ingredients, and triturates. With these ingredients, Sigachi is looking to deepen its relationship with its current customers in Nutraceuticals, Bakery, Dairy, Infant and Medical Nutrition, Confectionery, Savoury and Snacks, and Beverages sectors.

Commenting on the launch of the new segment, Mr. Amit Raj Sinha, MD & CEO, Sigachi Industries Limited said, "We see this expansion as a natural step in accelerating our growthtowards our vision of being a market leader in the manufacturing and supplying of multi-facet ingredients and offering tailored solutions that meet customer requirements across the Pharmaceutical, Nutraceutical, Food Ingredients & Nutrition industries."

"With our strong manufacturing background and excellent technical capabilities, coupledwith deep understanding in the nutrition segment, I am confident that we will delight and serve top customers across the globe with our nutritional ingredients henceforth," furthersaid Mr. Sinha.

According to Market Study Report 2020, the worldwide human nutrition market was worth USD 252 Billion and is expected to grow substantially. The markets can be broken down into various application segments namely Dietary Supplements, Functional Nutrient, Early life Nutrition, and Packaged food & beverages.

Shares of Sigachi Industries Ltd was last trading in BSE at Rs. 276.00 as compared to the previous close of Rs. 271.15. The total number of shares traded during the day was 17553 in over 1236 trades.

The stock hit an intraday high of Rs. 289.00 and intraday low of 273.70. The net turnover during the day was Rs. 4861772.00.

Source : Equity Bulls

Keywords

SigachiIndustries NewBusinessForay HumanNutritionalSegment