Nutricircle signs MOU with Tripura govt for Rs 100-130 Cr BioNutrition Valley project
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Awaiting price reaction for this filing.
Nutricircle Limited signed an MOU with the Department of Industries, Government of Tripura on July 16, 2026 to develop a BioNutrition Valley for manufacturing plant proteins, functional food ingredients and bio-based products using circular bioeconomy practices. Proposed investment is Rs. 100 to 130 crore. Expected outcomes include value addition to agricultural produce, sustainable industrial development, farmer income enhancement and employment generation. The MOU is an initial expression of interest, valid for 12 months, and is not a related party transaction.
Positive sentiment - signals potential entry into plant protein and bio-based products with government backing, but MOU is non-binding and project is at a preliminary stage.