Adani Wilmar gains on commencing operations at integrated food processing plant in Gohan
Adani Wilmar is currently trading at Rs. 262.75, up by 1.20 points or 0.46% from its previous closing of Rs. 261.55 on the BSE.
The scrip opened at Rs. 262.55 and has touched a high and low of Rs. 267.40 and Rs. 262.00 respectively. So far 71034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.70 on 26-Feb-2024 and a 52 week low of Rs. 257.95 on 14-Jan-2025.
Last one week high and low of the scrip stood at Rs. 270.55 and Rs. 260.60 respectively. The current market cap of the company is Rs. 34142.56 crore.
The promoters holding in the company stood at 87.87%, while Institutions and Non-Institutions held 1.21% and 10.92% respectively.
Adani Wilmar has commenced operations at its integrated food processing plant in Gohana, State Haryana. The inauguration was celebrated with the first dispatch of 100 metric tonnes of rice.
This food complex is one of the largest in the country built with a capital outlay of Rs 1,298 crore coming from IPO proceeds. The plant is poised to become a major economic catalyst for the region, with projections to generate 2000 jobs through direct and indirect employment.
The company’s largest greenfield project - an expansive integrated food complex is progressing steadily, bringing vision to life: till date over, 10,000 MT of steel structure, 7,500 MT of Tor steel, and 100,000 cement bags have been utilized, marking significant milestones in this ambitious endeavor. The project required, consumed extensive engineering efforts in planning, design, and execution, laying the groundwork for a transformative infrastructure set to revolutionize food production.
The facility, meticulously designed by Larsen & Toubro Technology Services (L&T), spans across 85 acres and is equipped with advanced technology to produce a comprehensive range of food products. With a total annual production capacity of 627,000 MT, the plant will manufacture 4,50,000 MT of food products including rice, wheat flour, suji, rawa, and maida, along with 2,00,000 MT of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
