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Avanti Feeds Ltd.

BSE: 512573 Sector: Agri and agri inputs
NSE: AVANTIFEED ISIN Code: INE871C01020
BSE LIVE 15:46 | 25 May 1372.10 31.35
(2.34%)
OPEN

1362.25

HIGH

1390.00

LOW

1354.25

NSE 15:55 | 25 May 1374.45 28.25
(2.10%)
OPEN

1358.00

HIGH

1389.00

LOW

1351.05

OPEN 1362.25
PREVIOUS CLOSE 1340.75
VOLUME 19678
52-Week high 1450.00
52-Week low 411.00
P/E 30.00
Mkt Cap.(Rs cr) 6,229
Buy Price 1372.10
Buy Qty 147.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1362.25
CLOSE 1340.75
VOLUME 19678
52-Week high 1450.00
52-Week low 411.00
P/E 30.00
Mkt Cap.(Rs cr) 6,229
Buy Price 1372.10
Buy Qty 147.00
Sell Price 0.00
Sell Qty 0.00

Avanti Feeds Ltd. (AVANTIFEED) - Company History

Incorporated in Jan.'93 as a private limited company, Avanti Feeds Ltd (AFL) was converted into a public limited company in Oct.'93 and the name of the company was changed to AFL. The company was promoted by A V Rao and others. AFL went public in May '94 to part-finance the project of setting up a 100% EOU to manufacture 10,000 tpa of shrimp feed at Kovvur (West Godavari Dist), Andhra Pradesh. AFL entered into a technical collaboration with one of the leading shrimp feed manufacturers, Pingtai Enterprises Co, Taiwan. The plant was set up to produce scientifically formulated and nutritionally balanced water-stable international-quality shrimp feed in India. The company imported one complete set of shrimp feed processing equipment from IDAH Machinery, Taipei, Japan. The project has been successfully implemented almost in time and commercial production commenced from Nov.'94. In 1998-99, it increased the installed capacity of feed plant to 20,000 MT and shrimp shell meal manufacturing unit and pre-processing unit at Eathakota, East Godavari Dist has also been completed. In 1999-2000, the backward integration projects of wheat flour plant and shrimp shell manufacturing plant have been successfully completed and started commercial production. The company had set up a Shrimp Feed Manufacturing Plant with a production capacity of 10,000 MT P.A and the commercial production started from Mid of June,2001.Modernisation and Upgradation of Shrimp Processing was taken up at Ravulapalem. The company has entered into a technical and marketing collaboration agreement with M/s Thai Union Feed Mill Co. Limited,Thailand.