Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat
Gujarat Ambuja Exports is currently trading at Rs. 257.90, up by 12.85 points or 5.24% from its previous closing of Rs. 245.05 on the BSE.
The scrip opened at Rs. 240.05 and has touched a high and low of Rs. 261.20 and Rs. 240.05 respectively. So far 45070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.55 on 23-Sep-2022 and a 52 week low of Rs. 224.20 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 261.20 and Rs. 236.15 respectively. The current market cap of the company is Rs. 5937.49 crore.
The promoters holding in the company stood at 63.84%, while Institutions and Non-Institutions held 4.14% and 32.02% respectively.
Gujarat Ambuja Exports (GAEL) has received Consent to Establish (NOC) from the Gujarat Pollution Control Board (GPCB) on August 23, 2023 for setting up a 900 TPD Greenfield Corn Wet Milling Plant at Himmatnagar, Gujarat. With this, the company will have a combined Maize Processing Capacity of 6000 TPD at 5 Locations.
Gujarat Ambuja Exports (GAEL) is principally involved in the Agro-processing business with dominance in Maize products and Edible oils.
