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Avanti Feeds Ltd.

BSE: 512573 Sector: Agri and agri inputs
NSE: AVANTIFEED ISIN Code: INE871C01020
BSE LIVE 15:40 | 15 Dec 2596.00 53.10
(2.09%)
OPEN

2542.05

HIGH

2641.50

LOW

2542.05

NSE 15:51 | 15 Dec 2600.75 64.95
(2.56%)
OPEN

2560.25

HIGH

2645.00

LOW

2560.00

OPEN 2542.05
PREVIOUS CLOSE 2542.90
VOLUME 12729
52-Week high 3000.00
52-Week low 441.00
P/E 32.30
Mkt Cap.(Rs cr) 11,786
Buy Price 0.00
Buy Qty 0.00
Sell Price 2588.00
Sell Qty 5.00
OPEN 2542.05
CLOSE 2542.90
VOLUME 12729
52-Week high 3000.00
52-Week low 441.00
P/E 32.30
Mkt Cap.(Rs cr) 11,786
Buy Price 0.00
Buy Qty 0.00
Sell Price 2588.00
Sell Qty 5.00

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.