Gujarat Ambuja Exports’ stock rose over 2% after the company secured environmental approval for a new 180 KLPD greenfield grain-based extra-neutral alcohol and ethanol plant in Malda, West Bengal.
The plant, located near the existing Maize Processing Unit, will produce alcohol for the food and pharmaceutical industries. With an estimated investment of INR 180 crore, this move is expected to boost the company’s growth and production capabilities.
As of 2:39 pm, Gujarat Ambuja Exports shares were trading 0.75% higher at Rs 130.95 on the NSE.
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