Heranba Organics Pvt Ltd commences Commercial Production at its Sarigam Unit

Heranba Industries Ltd. (BSE- 543266, NSE-HERANBA, ISIN: INE694N01015)

- Commencement of Commercial Production from Sarigam Unit.
- Company expects Sarigam Unit to generate annual revenue of Rs.280 to Rs. 300 Crores.
- Production Capacity of Sarigam Unit is to be 9000 MTPA (Max).

We are pleased to announce that our 100% Wholly Owned Subsidiary Company namely Heranba Organics Private Limited ("HOPL") started commercial production from Sarigam Unit situated at GIDC, Sarigam, Taluka- Umbergaon, District-Valsad, Gujarat ("Sarigam Unit").

This development is in line with company's commitment and promises towards fostering sustainable growth while also creating job opportunities in the region.

Heranba expects this Sarigam Unit to generate annual revenue of Rs. 280 to Rs. 300 Crores. The Production Capacity and Capacity Utilisation of this Sarigam Unit will be 9000 MTPA.

Commenting on this development, Mr R K Shetty, Managing Director, Heranba, said, "This Commercial Production will generate additional revenue for our Company. This is in line with our commitment and promises made in the past. This commencement of commercial production is a recognition of Heranba's established track record, healthy accruals and resiliency of the business model. Our continued growth trajectory shows the strong and resilient DNA that we are built on. We are dedicated to accelerate revenue growth and to improve productivity in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba's growth trajectory. We remain focused in delivering better services thereby benefiting all the stakeholders."

Shares of Heranba Industries Limited was last trading in BSE at Rs. 452.35 as compared to the previous close of Rs. 460.20. The total number of shares traded during the day was 15378 in over 936 trades.

The stock hit an intraday high of Rs. 484.90 and intraday low of 441.80. The net turnover during the day was Rs. 7041126.00.

Source : Equity Bulls

Keywords

HeranbaIndustries INE694N01015 HeranbaOrganics CommercialProduction SarigamUnit