Riddhi Siddhi sets up plant in Karnataka

Ahmedabad-based Riddhi Siddhi Gluco Biols Ltd (RSGBL), manufacturer of starch and glucose, will commission a new unit for the manufacturing of modified starches.

The unit will be come up at its existing Gokak unit in Karnataka with an annual capacity of 12,000 tonnes. Ganpatraj Chowdhary, managing director of RSGBL, said, "This plant can successfully meet the increasing demand from its customers in paper industry".

The company expects to meet the demand of its customers like A P Paper, ITC (Badrachlan), Ballarpur Industries, West Coast Paper, Tamil Nadu Newsprint Ltd and others, informed a company release.

A maize crushing plant with an annual capacity of 1.65 lakh tonnes at a capex of Rs 110 crore will also be set up at Uttaranchal. The project is in its advanced stages of implementation and will go on stream in March 2007.

The upcoming manufacturing unit will produce value-added starch and its derivatives especially for food, confectionery and pharmaceutical industries.

The company expects to provide effective and timely service to its customers as many of its present customers regarding to food and pharma sectors have established its facilities at Uttranchal and Himachal Pradesh.

The company's present starch and glucose manufacturing plant is the largest wet milling plant of the Indian Sub Continent having the highest crushing capacity with mills located at prime locations "" Gokak (Karnataka) and Viramgam (Ahmedabad).

The company's core strength lies in strong customer focus and rich expertise in the field of production and quality control which underlines the organisations ongoing commitment and quest for quality products and services.

The company has high expectations from the growing market in the food sector in the Northern India and as per the company's estimate its market share is expected to grow from 17 per cent to 25 per cent in next two years time.