Ambuja Exports signs Gujarat government MOU for capacity expansion
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Gujarat Ambuja Exports has signed a memorandum of understanding with the Government of Gujarat to expand derivative capacity at its 900 TPD corn wet-milling plant in Himmatnagar, Gujarat. The estimated project cost is around Rs. 100 crore, funded through internal accruals. The agreement is subject to required approvals and clearances.
The expansion could improve derivative output and support growth, but benefits depend on approvals and execution. Internal funding avoids new borrowing.