Kings Infra Ventures shines on signing long-term export, joint branding deal with Shanghai RSF
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Kings Infra Ventures is currently trading at Rs. 121.40, up by 5.10 points or 4.39% from its previous closing of Rs. 116.30 on the BSE.
The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 123.50 and Rs. 119.95 respectively. So far 63484 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.00 on 13-Jun-2023 and a 52 week low of Rs. 67.70 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 125.00 and Rs. 113.00 respectively. The current market cap of the company is Rs. 287.55 crore.
The promoters holding in the company stood at 71.69% while Non-Institutions held 28.31% stake in the company.
Kings Infra Ventures is making a big bang expansion in the Chinese market with Kings Rishfu brand shrimps. Kings Infra is enlarging its footprint in the Chinese market in association with the Shanghai-based Shanghai RSF Trading Company. The two companies have signed a Memorandum of Understanding (MoU) for jointly promoting the Kings Rishifu brand in China.
According to the MoU, Kings would supply premium quality shrimp from its own farm or dedicated supply chain in a sustainable and traceable manner, free of antibiotics or chemicals and process the same under the joint brand Kings Rishifu for exporting to China. Shanghai RSF will import and distribute the same in the Chinese market.
The partnership with the Shanghai RSF is a remarkable achievement for the company. Shanghai RSF CEO visited the farm and processing unit and was highly satisfied with the product quality. The partnership scheduled to go on stream from September with 5-8 containers per month will be scaled up to 200 containers per year. The partnership focusing on the high-end market with premium products has the potential to generate Rs 100 crore revenue in the first year of operation and scale upto 200 crore per year when fully implemented.
Kings Infra Ventures is pioneer in India's seafood and aquaculture industry was originally registered as ‘Victory Aqua Farm’.
