Announced Tue, 8 Sept, 2026 · 15:10 IST
Sukhjit signs MoU for new Rs 500 Cr maize processing unit in Nashik
SUKHJITS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹161.00
prior close
₹157.61
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+2.4+2.2—-0.6-0.6-0.3+1.1-1.1-0.4-3.7-9.0——
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AI summary
Sukhjit Starch has signed an MoU with the Maharashtra Government to set up a new maize processing unit in Nashik with a 1200 TPD grind capacity for maize starch and derivatives. The project involves a CapEx of about Rs 500 Crores. Further steps depend on the State Government providing a timeline for the required infrastructure. The move aims to expand production capacity and strengthen market presence.
Likely market impact
Major Rs 500 Cr capex for new plant. Positive long-term growth, but execution depends on state government support.