Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 w.r.t. Commencement of commercial production at the Company s new Green Field manufacturing facility at Surat
ADFFOODS · price
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ADF Foods has started commercial production of frozen food products at its new Greenfield manufacturing facility located at Gujarat Agro Infrastructure Mega Food Park, Mangrol, Surat. The facility has a potential installed capacity of 10,000 metric tonnes per annum and was set up with an investment of approximately Rs. 90 crore in Phase 1. The plant is designed to serve both international and domestic markets. The company expects this new facility to strengthen production capabilities, improve operational efficiencies, and support future growth plans.
This is a positive development for shareholders as it expands ADF Foods' manufacturing capacity by 10,000 MT per annum, potentially driving future revenue growth and improving margins through better efficiencies. The Rs. 90 crore investment signals management's commitment to scaling up the frozen food business, though near-term margins may be affected by initial ramp-up costs and depreciation.