20 May 2008

Riddhi Siddhi Gluco Biols Ltd has announced the Commissioning of Pantnagar Unit of the company in Uttarakhand. The plant with maize grinding capacity of 1,65,000 tpa has been set up at a cost of Rs 120 crores.

With the commissioning of Uttarakhand unit, total maize grinding capacity of the company has reached to 5 lakh tpa. The plant, which would provide timely and effective service to its large number of Corporate and institutional clients who have set up facilities in Uttarakhand and Himachal Pradesh, would have various cost benefits.

The stock was trading at Rs.245, up by Rs.7.70 or 3.24%. The stock hit an intraday high of Rs.249 and low of Rs.240.05.

The total traded quantity was 645 compared to 2 week average of 2359.

Source: http://www.equitybulls.com