"Manorama Industries Begins Commissioning New Fractionation Plant"

Shares of Manorama Industries Limited surged by 5.39 percent following the announcement of the commencement of commissioning for its latest fractionation plant located in Raipur. The plant, with an annual capacity of 25,000 tonnes, is set to elevate the company's total fractionation capacity to 40,000 tonnes per annum.

Ashish Saraf, President of Manorama Industries, stated, "The new plant's capacity is set at 25,000 tonnes per annum, contributing to our overall fractionation capacity increase to 40,000 tonnes per annum. This expansion is poised to fuel growth in both our top-line and bottom-line in the foreseeable future."

The company's focus remains on meeting the escalating demand for sustainable Cocoa Butter Equivalent (CBE), specialty fats, and butters amidst prevailing inflationary trends. This enhanced capacity further solidifies Manorama Industries' position in the global CBE and specialty fats and butters industry.

Specializing in the manufacturing of specialty fats, butters, and related products, the company serves various sectors including chocolate, confectionery, and cosmetics. Manorama Industries reiterated its commitment to Environmental, Social, and Governance (ESG) sustainability practices, affirming its dedication to long-term growth and value creation for stakeholders.

HBL