Foods and Inns Ltd performs inauguration puja of 'Beyond Mango' JV at Chittoor

Foods and Inns Ltd has performed the inauguration puja ceremony of 'Beyond Mango' Joint venture at Chittoor in Andhra Pradesh today. With this launch, our endeavour of working towards the concept of circular economy comes to fruition and we are one step closer to creating 'Wealth from Waste'. This project helps us achieve our targeted Sustainability goals which will go a long way in strengthening partnerships with global brands that we serve.

This Joint Venture is 50% owned by Foods and Inns and the technology partners hold the balance 50%. This project coverts fruit waste into Pectin, Oils & Butter. 95% of India's Pectin requirement is currently being imported. Pectin has a huge potential in India since they are plant and fruit based i.e. making them vegetarian as compared to Gelatine which is a similar product made of animal fat. The 1st Phase has been launched with a capacity of 150 MTPA.

Shares of FOODS & INNS LTD. was last trading in BSE at Rs. 169.80 as compared to the previous close of Rs. 169.05. The total number of shares traded during the day was 13993 in over 418 trades.

The stock hit an intraday high of Rs. 172.25 and intraday low of 169.00. The net turnover during the day was Rs. 2384719.00.

Source : Equity Bulls

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FOODSandINNS INE976E01023 Inauguration Pooja BeyondMango JV Chittoor