Gujarat Ambuja Exports zooms on inking MoU with Government of Gujarat

21 Feb 2023 Evaluate

Gujarat Ambuja Exports is currently trading at Rs. 244.70, up by 6.15 points or 2.58% from its previous closing of Rs. 238.55 on the BSE.

The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 246.25 and Rs. 238.40 respectively. So far 29563 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 393.85 on 19-Apr-2022 and a 52 week low of Rs. 170.75 on 22-Feb-2022.

Last one week high and low of the scrip stood at Rs. 246.25 and Rs. 225.70 respectively. The current market cap of the company is Rs. 5610.69 crore.

The promoters holding in the company stood at 63.84%, while Institutions and Non-Institutions held 5.13% and 31.02% respectively.

Gujarat Ambuja Exports (GAEL) has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to setup a 900 TPD Greenfield Corn Wet-Milling Plant at Himmatnagar, Gujarat.

The state-of-the-art Manufacturing facility would have a capacity of 550 TPD of Maize Starch Powder, 50 TPD of Malto-Dextrin Powder and 300 TPD of Feed Ingredients. The Greenfield Expansion is expected to be completed by 2025. The facility will be setup adjacent to the existing 550 TPD Corn Wet-Milling Plant. With this, the company’s total Maize Processing capacity will reach 6000 TPD by 2025. The cost of the project would be Rs 333 crore, which would be financed via internal accruals.

Gujarat Ambuja Exports (GAEL) is principally involved in the Agro-processing business with dominance in Maize products and Edible oils.

Guj. Ambuja Exports Share Price

153.55 0.15 (0.10%)
17-May-2024 15:19 View Price Chart
Peers
Company Name CMP
Guj. Ambuja Exports 153.55
Shri Venkatesh Refin 102.00
Manorama Industries 573.90
Mayank Cattle Food 156.00
Unique Organics 106.90
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