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Heritage Foods Ltd.

BSE: 519552 Sector: Agri and agri inputs
NSE: HERITGFOOD ISIN Code: INE978A01027
BSE LIVE 15:40 | 08 Dec 782.70 22.45
(2.95%)
OPEN

763.40

HIGH

790.00

LOW

762.85

NSE 15:57 | 08 Dec 789.35 30.10
(3.96%)
OPEN

767.15

HIGH

798.00

LOW

762.80

OPEN 763.40
PREVIOUS CLOSE 760.25
VOLUME 6593
52-Week high 830.00
52-Week low 412.53
P/E 70.96
Mkt Cap.(Rs cr) 3,632
Buy Price 786.50
Buy Qty 4.00
Sell Price 0.00
Sell Qty 0.00
OPEN 763.40
CLOSE 760.25
VOLUME 6593
52-Week high 830.00
52-Week low 412.53
P/E 70.96
Mkt Cap.(Rs cr) 3,632
Buy Price 786.50
Buy Qty 4.00
Sell Price 0.00
Sell Qty 0.00

Heritage Foods Ltd. (HERITGFOOD) - Company History

Incorporated on 5 Jun.'92 and promoted by N Chandra Babu Naidu, Heritage Foods processes milk and milk products. At its four chilling centres, milk procured from farmers, is pasteurised and supplied in tankers to bulk consumers and in sachets to retail consumers. The company came out with a public issue in Nov.'94 to part-finance the setting up of an integrated dairy (inst. cap.: 2 lac ltr pd). It established three integrated dairy plants in Madras, Hyderabad and Bangalore, and supporting milk chilling centres at various locations in North Arcot district of Tamilnadu, and Kolar district of Karnataka. Company commissioned new milk centre at Triuvannamalai in state of Tamilnadu. The Dairy products viz., Ghee and Skim Milk Powder were launched in Consumer Packs in the market of Kerla, Tamilnadu, Karnataka and Andhra Pradesh. Company establish a premier position in liquid milk market of Hyderabad, Madras and Banglore. Company had strengthen its procurement network, a Milk Chilling Centre has been commissioned at Atmakur, Nellore Dist. A.P. this centre enabled an upsurge in milk procurement. Company Milk Processing Unit at Narketpally & the Sales & Registered office at Hyderabad have been recommended for ISO-9002:1994 certification for implementation of Quality system. The Company was awarded ISO-9002 certification for processing, packing & selling of liquid milk. The Company is planning to enter Milk markets of Goa, Pune, Mumbai and other Southern markets. The Company is also exploring avenues to enter into Branded Food segment of the growing food processing sector. During 2001-02 the company established a procurement and packing station at Battiprolu,Guntur District having a capacity of 50,000 Ltrs a day. It is also creating facilities for manufacturing and marketing of table butter to meet the growing demand. The company had voluntarily de-listed its shares from Madras & Hyderabad Stock Exchanges with the approval of sharesholders. During 2003-04, the Company commissioned 2 milk procurement and processing plants, one at Namakkal in Tamil Nadu and other one at Nandyala in Andhra Pradesh. The Company also started milk procurement and processing operations at Kondapi, Prakasam Distrcit, Andhra Pradesh by purchasing assets of Sri Lakshmi Narasimha Dairy Specialities Private Ltd. As on March 2004, the Company is having 7 Milk Procurement, Processing & Packaging Plants, 15 Milk Procurement and Processing Plants.