The new flour mill will increase the existing capacity at food division of the Company and help the Company to meet the additional market demand in future.
Kovilpatti Lakshmi Roller Flour Mills Limited has informed that the Board of directors has considered and approved the expansion projects of the Company.
The Company plans for installation of 5 MW Solar Power Plantat Gangaikondan, Tirunelveli District on leasehold lands at an estimated cost of Rs30cr for the purpose of captive consumption, which would help the company to reduce its dependence on non-renewable sources of energy.
Further, company also decides for the installation of new flour mill with a capacity of 1,20,000 MT per annum at Gangaikondan, Tirunelveli District at an estimated cost of Rs50cr.
The new flour mill will increase the existing capacity at food division of the Company and help the Company to meet the additional market demand in future.
On Monday, the stocks hit new 52-week high at Rs81.95 per piece.
At around 2:10 PM, the scrip was trading at Rs77.40 per piece higher by 9.32% on Sensex.
Source : indiainfoline
