Published On:July 1 2024
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Manorama Industries Rises as New Fractionation Plant Begins Operations.
Manorama Industries rose 2.41% to Rs 648.10 after announcing the commencement of commercial production at its new fractionation plant, which has a capacity of 25,000 tonnes per annum (TPA). With this addition, the company’s total fractionation input capacity now stands at 40,000 TPA.
The increased capacity enhances Manorama Industries' global position in the manufacturing of cocoa butter equivalent (CBE), exotic specialty fats, and butters, significantly boosting its revenue and profitability prospects for the coming years.
Ashish Saraf, President of Manorama Industries, expressed his satisfaction with the successful launch, stating, "We are delighted to announce the start of commercial operations at our new fractionation plant, which has an annual production capacity of 25,000 tonnes. With this capacity enhancement, our revenues may significantly increase to approximately Rs 675-700 crore for FY25."
Manorama Industries (MIL) is a global pioneer in manufacturing specialty fats and butters and exotic products. The company has carved a niche in producing Sal CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin, and other exotic fats and butters. MIL offers customized solutions to Fortune 500 companies in the chocolate, confectionery, and cosmetic industries.
BS