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Avanti Feeds Ltd.

BSE: 512573 Sector: Agri and agri inputs
NSE: AVANTIFEED ISIN Code: INE871C01020
BSE LIVE 15:40 | 24 Mar 704.35 -5.70
(-0.80%)
OPEN

718.00

HIGH

723.80

LOW

703.00

NSE LIVE 15:56 | 24 Mar 705.15 -5.40
(-0.76%)
OPEN

714.90

HIGH

724.00

LOW

703.00

OPEN 718.00
PREVIOUS CLOSE 710.05
VOLUME 4505
52-Week high 751.20
52-Week low 385.60
P/E 19.78
Mkt Cap.(Rs cr) 3197.75
Buy Price 704.35
Buy Qty 2.00
Sell Price 0.00
Sell Qty 0.00
OPEN 718.00
CLOSE 710.05
VOLUME 4505
52-Week high 751.20
52-Week low 385.60
P/E 19.78
Mkt Cap.(Rs cr) 3197.75
Buy Price 704.35
Buy Qty 2.00
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.