Agribiotech Industries Limited in which Beekay Niryat Limited held 34.45% Equity Stake, is going to expand existing capacity of Extra Neutral Alcohol from 74KL Per Day to 120KL Per Day and Bottling Capacity from 11,000 Cases Per Day to 15,000 Cases Per Day with a capex of 13641.05 lacs. The source of funds is Rs 9000 lacs term loan from banks and balance by way of promoters contribution i.e. Equity through right issue and unsecured loans. The commercial production in expand capacity will be November 2024.
Further, necessary approvals are received from the concerned authorities regarding the above mentioned expansion.
Shares of Beekay Niryat Ltd was last trading in BSE at Rs. 33.00 as compared to the previous close of Rs. 33.00. The total number of shares traded during the day was 11712 in over 66 trades.
The stock hit an intraday high of Rs. 33.63 and intraday low of 31.35. The net turnover during the day was Rs. 380082.00. |