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Hatsun Agro Product Ltd.

BSE: 531531 Sector: Agri and agri inputs
NSE: HATSUN ISIN Code: INE473B01035
BSE 00:00 | 20 Aug 716.85 -0.75
(-0.10%)
OPEN

723.00

HIGH

734.25

LOW

713.00

NSE 00:00 | 20 Aug 719.50 5.10
(0.71%)
OPEN

731.10

HIGH

737.00

LOW

715.05

OPEN 723.00
PREVIOUS CLOSE 717.60
VOLUME 3029
52-Week high 956.79
52-Week low 573.00
P/E 124.02
Mkt Cap.(Rs cr) 11,591
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 723.00
CLOSE 717.60
VOLUME 3029
52-Week high 956.79
52-Week low 573.00
P/E 124.02
Mkt Cap.(Rs cr) 11,591
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hatsun Agro Product Ltd. (HATSUN) - Company History

Hatsun Agro Products (HAP) is primarily engaged in the business of manufacture and marketing of ice cream and milk and dairy based products. The company sells its products under the brands viz. Arun Icecreams Arokya Milk Hatsun Curd Hatsun Paneer Hatsun Ghee Hatsun Dairy Whitener and IBACO. The company exports dairy ingredients to 38 countries around the world - primarily in America the Middle East and South Asian markets.Hatsun Foods was incorporated as a private limited company in March 1986 by R G Chandramohan. In April 1986 the company was admitted as a partner in Chandramohan & Co a partnership firm promoted by the same promoter. During the same month Chandrmohan & Co was dissolved and all the assets and liabilities of the firm vested with the company except the Arun brand name which was vested with R G Chandramohan. In 1987 the company acquired the Arun brand name subject to a payment of 1% royalty on the company's gross ice cream sales turnover. The company became a public limited company in August 1995.Till April 1995 the company was carrying on its manufacturing activities. It scrapped its manufacturing facilities at Tolgate unit since the facilities became old and outlived its utilities. The company has put up a 250-kVA windmill for power generation. Hatsun came out with a public issue in January 1996. The name of the Company has been changed with the approval of the Central Government from Hatsun Milk Food Limited to Hatsun Agro Product Limited effective from 7 April 1998.The Company has diversified its activities and entered into production and sale of Toor Dhall and Urad Dhall under the brand name 'Apurva'.Hatsun Milk Products Limited was merged with the Company with retrospective effect from 1.4.98 vide order of high court dated 18.2.99. and the process of amalgamation was completed on 26.2.99. Ajith Dairy Industries too merged with the company. The company has also amalgamated Hatsun Foods Company Ltd.During 2000-2001 the company's second dairy plant was commissioned at Belgaum.In 2007 Hatsun Agro Products (HAP) launched a new format of ice cream parlour called `Arun Unlimited Parlour'. In 2010 Hatsun Agro Products (HAP) commissioned dairy plants at Madurai.In 2012 Hatsun Agro Products (HAP) launched a new premium ice cream parlour format called `IBACO'. During the year the company commissioned dairy plants at Thalaivasal in Tamil Nadu a milk processing plant at Honnali near Davengere Karanataka and also commenced commercial production at its curd plant situated at Vellichandai Dharmapuri district in Tamil Nadu.In 2013 Hatsun Agro Products (HAP) completed the acquisition of the assets of a cattle feed plant from SKM Egg Products Export (India) Limited. In 2014 Hatsun Agro Products (HAP) acquired dairy business of Jyothi Dairy Private Limited. In 2015 Hatsun Agro Products (HAP) acquired a feed mill unit belonging to VKS Farms Private Limited Coimbatore.On 6 March 2017 Hatsun Agro Products (HAP) announced that it has commissioned wind power plants with 24 MW capacity at Tuticorin district Tamil Nadu. The power generated from the plant will be used for captive consumption. Hatsun Agro Products commissioned an automated packaging film unit a greenfield project at Wallajabad near Chennai and started its commercial production in October 2017.In June 2018 Hatsun Agro Products launched a rights issue of equity shares for prepayment/repayment of borrowings availed by the company. The rights issue was offered in the ratio of one share for every 16 shares held on the record date. The issue was priced at Rs 555 per share.