Tanvi Foods touches roof on starting commercial operations at manufacturing unit in Andhra Pradesh
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Tanvi Foods (India) is currently trading at upper limit of Rs. 181.50, up by 16.50 points or 10.00% from its previous closing of Rs. 165.00 on the BSE.
The scrip opened at Rs. 181.50 and has touched a high and low of Rs. 181.50 and Rs. 181.50 respectively. So far 1000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.50 on 05-Apr-2024 and a 52 week low of Rs. 65.70 on 27-Jun-2023.
Last one week high and low of the scrip stood at Rs. 181.50 and Rs. 165.00 respectively. The current market cap of the company is Rs. 189.50 crore.
The promoters holding in the company stood at 43.02%, while Non-Institutions held 56.98% stake in the company.
Tanvi Foods (India) has commenced its commercial operations at the new state of art manufacturing unit at Seetharampuram, Andhra Pradesh from April 04, 2024. This state of art unit has been constructed in line with international standards in order to maintain the highest standards of food quality and human safety.
This is the largest unit in India which is manufacturing samosas, fresh and frozen agri products, snacks and other products using cutting-edge technology and equipments. The unit has also been installed with a unique blast freezing technology, one of its kind in India, which helps in improving the quality of the products without using any kind of preservatives and increases their shelf life.
The total value of the project is Rs 45 crore approximate which has been funded through internal accruals, capital infusion through equity shares and debt. This unit shall allow the company to increase its SKUs in the market and will also help the company to fully cater the ever rising demand of company’s Samosas (Veg, Corn. Irani etc.,), fresh and frozen agri products (Corn, Green Peas etc.,), snacks (spring rolls and other types of rolls) and all other products (Dal, curries etc.,), both in India and in the overseas market.
The company is involved in trading, distribution, and processing of Food and Beverages primarily operating in the states of Andhra Pradesh and Telangana.
