Usher Agro Ltd. (BSE code: 532765) (NSE: USHERAGRO) one of the largest rice millers in India, has signed an MOU with National Bulk Handling Corporation Limited (NBHC) for providing storage and handling of food grains across India for the company on a long term basis.
In this context NBHC Limited is building first warehousing complex with silo with a capacity of 50,000 MT for storage of food grains exclusively for the company at Chhata Dist- Mathura- UP. This will result in to ease of operations.
Earlier in March 2011, Usher Agro has reported a capacity increase in its rice milling facilities at Chhata, Mathura. With the additional expanded capacity of 2,91,600 MTPA, w.e.f March 28, 2011, the total operational and installed Rice Milling Capacity of the Company has now increased to 5,43,600 MTPA.
Out of the said total Rice Milling Capacity, the Company has increased the capacity to process and produce Par Boiled Rice to 4,50,000 MTPA, which is one of the largest in the country.
The Managing Director, Mr. Vinod Kumar Chaturvedi, Usher Agro Ltd. commenting on the MoU said, “The MoU with NBHC will ease our operations at Chhata. We are extremely proud of our achievement. We have achieved one of the largest and fastest expansion plans in this industry at one single location. Also, the increased production capacity is expected to have a positive bearing on the top line and the profitability of the company.”
About Usher Agro:
Usher Agro Ltd. has charted its growth plan based on its conviction of the opportunities available in food processing sector and have been consistently building up the processing capacity right from its inception. Usher put its first project of rice milling at Mathura (U.P.) started in 1996 with a installed capacity of 10800 MTPA and which is now stood at over 5,43,600 MTPA. Besides, rice milling Usher is also having Wheat flour milling facility of 75000 MTPA and captive co-generation power plant based on rice husk a bye product of rice milling activity.
Usher believes in using the latest technology & has adapted itself with the rising demands in the industry. ‘Rasoi Raaja’ a registered brand of Usher is identified with superiority, quality & credibility.
With the recent establishment of the third unit of rice milling, USHER has become one of the leading rice millers in India. USHER is now a recognized name and a great contributor in the progress of Indian food processing industry in general & basic food segment in particular.
