Usher Agro lists in NSE on July 30, 2010

Mumbai: The 22262239 equity shares of Usher Agro Ltd. officially listed on NSE with scrip symbol of "USHERAGRO" on July 30, 2010 vide circular No. NSE/CMLS/15315 Dt. 28th July, 2010 with the face value of the Rs. 10/- per equity share and paid up value also being Rs. 10/- per Equity Share. The equity shares was available also for trading from 30th July, 2010.

The equity share of Usher Agro is already listed on BSE (532765) and traded at Rs. 92.70 at the day closing as on July 29, 2010. It had a 52 week high at Rs. 108.90 as on July 13, 2010 and went as low as Rs. 31.00 in the past 52 weeks. The company presently having market capital of Rs. 199 crore with a total traded value of Rs. 90.09 lakh.

The Company's major business segments include rice and wheat milling. Usher Agro Ltd. has charted its growth plan based on its conviction of the opportunities available in food processing sector and have been consistently building up the processing capacity right from its inception. Usher put its first project of rice milling at Mathura (U.P.) started in 1996 with a installed capacity of 10800 MTPA and which is now stood at over 250000 MTPA apart from 300000 MTPA is under implementation. Besides, rice milling Usher is also having Wheat flour milling facility of 75000 MTPA and captive co-generation power plant based on rice husk a bye product of rice milling activity.

Usher believes in using the latest technology & has adapted itself with the rising demands in the industry. 'Rasoi Raaja' a registered brand of Usher is identified with superiority, quality & credibility.

With the recent establishment of the third unit of rice milling, USHER has become one of the leading rice millers in India. USHER is now a recognized name and a great contributor in the progress of Indian food processing industry in general & basic food segment in particular.

Source : Equity Bulls

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