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Kaveri Seed surges on starting corn cob drying facility in Telangana

19 Mar 2019 Evaluate

Kaveri Seed Company is currently trading at Rs. 452.20, up by 11.60 points or 2.63% from its previous closing of Rs. 440.60 on the BSE.

The scrip opened at Rs. 440.95 and has touched a high and low of Rs. 455.75 and Rs. 439.50 respectively. So far 41846 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 659.95 on 31-Aug-2018 and a 52 week low of Rs. 376.00 on 20-Feb-2019.

Last one week high and low of the scrip stood at Rs. 447.70 and Rs. 431.00 respectively. The current market cap of the company is Rs. 2859.75 crore.

The promoters holding in the company stood at 55.09%, while Institutions and Non-Institutions held 30.41% and 14.50% respectively.

Kaveri Seed Company has commenced corn cob drying facility at Molangur - Karimnagar in the state of Telangana. The plant is Asia's largest and the first of its kind cob dryer. This plant has a bio mass, double pass dryer Corn cob drying unit, which is fully automated and has the best and state of art infrastructural capability. The capacity of the cob drying facility is 1,456 Mt per cycle which is distributed across 36 Bins.

The company has invested around Rs 20 crore exclusively for cob drying facility in its existing integrated seed conditioning & packing facility, spread over 15 acres of land. The cob drying facility can process 400 mt of fresh corn cobs per day.

Kaveri Seed Company is an India-based company. The Company is an integrated provider of farm solutions focusing on hybrid seeds, micro-nutrients, such as soil enhancers and organic fungicides/pesticides, and vegetables/ herbs for the domestic and export markets.

Kaveri Seed Share Price

907.20 -18.25 (-1.97%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Venkys (India) 1424.55
Mangalam Global Ent. 16.00
Kaveri Seed 907.20
Regaal Resources 77.84
Simran Farms 158.90
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