Gokul Agro’s shares rose over 2% following the announcement of acquiring fixed assets of an edible oil refinery in Mangalore from Sri Anagha Refineries Private Limited. The deal, valued at Rs 105.53 crore, will be funded through bank loans and internal accruals.
Key Highlights:
- Current Capacity: Gokul Agro operates at 5,550 TPD, with over 75% utilization.
- Capacity Expansion: The acquisition adds 100 TPD, set to be operational in 6 months.
- Strategic Move: This expansion strengthens Gokul Agro’s market footprint in Southern India, boosting its distribution and operations.
Gokul Agro’s stock opened at 323.30, reaching a high of 335.95 and a low of 316.30. The stock is currently performing well, with a 52-week high of 377.00 and a low of 95.00, showcasing significant growth over the past year.
As of 10:36 a.m., Gokul Agro shares were trading 1.95% lower at Rs 332.60 on the NSE.
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