This regulatory filing serves as a follow-up intimation to the company's previous disclosure dated September 8, 2026, regarding the establishment of a new maize processing unit.
The company has received formal confirmation from the Maharashtra Industrial Development Corporation (MIDC) for providing necessary infrastructure support for the proposed project. MIDC will lay a new dedicated pipeline to ensure continuous water supply to the project by the time of its commissioning.
The project involves setting up a maize processing unit with a grinding capacity of 1200 TPD (tons per day) for manufacturing Maize Starch and its derivatives. The unit will be located in District Nashik, State of Maharashtra.
Financial Details:
- Total project cost: ₹550 crores
- Mode of financing: To be finalized shortly
Location Details:
- MIDC has earmarked land for the project in Yeola Industrial Area, District Nashik
Strategic Rationale:
The expansion aims to increase production capacity and strengthen the company's presence in both domestic and overseas markets.