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13-12-2024 11:36 AM | Source: Accord Fintech
CIAN Agro Industries touches roof on expanding additional packaging facility in nearby vicinity in oil division

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CIAN Agro Industries & Infrastructure is currently trading at upper limit of Rs. 452.40, up by 8.85 points or 2.00% from its previous closing of Rs. 443.55 on the BSE.

The scrip opened at Rs. 452.40 and has touched a high and low of Rs. 452.40 and Rs. 452.40 respectively. So far 200 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.40 on 13-Dec-2024 and a 52 week low of Rs. 34.66 on 22-Dec-2023.

Last one week high and low of the scrip stood at Rs. 452.40 and Rs. 418.05 respectively. The current market cap of the company is Rs. 1266.08 crore.

The promoters holding in the company stood at 67.67%, while Institutions and Non-Institutions held 0.20% and 32.13% respectively.

CIAN Agro Industries & Infrastructure has significantly boosted its additional packaging capabilities in the oil division by entering into a strategic partnership for expansion through additional Packaging Facility in the nearby vicinity.

This collaboration is designed to enhance production efficiency, optimize logistics, and cater to the increasing demand for company’s products across both domestic and international markets.

This tie-up gives exposure to leverage to the regional firm's advanced infrastructure including modernized facilities and cutting-edge technology to expand its packaging capacity. This initiative is expected to reduce operational costs and increase the company's ability to scale up its operations swiftly, ensuring timely fulfilment of customer needs.

With this strategic move, the company is positioning itself to improve its market share and better compete in the ever-evolving Edible oil industry, also fostering economic growth in the region through the creation of new jobs works and regional partnerships.

CIAN Agro Industries & Infrastructure is manufacturer of Refined Soyabean Oil 'Amrutdhara' and Refined Kardi (Safflower) Oil 'Yash'.