Heranba Share Price Zoomed Over 2%: Subsidiary Commenced Commercial Production at New Unit

Heranba Industries Ltd. is pleased to announce that its wholly-owned subsidiary, Heranba Organics Private Limited (HOPL), has commenced commercial production at its Sarigam Unit in Gujarat, India. This strategic expansion aligns with the company’s unwavering commitment to sustainable growth and job creation in the region.

The Sarigam Unit is strategically located at GIDC, Sarigam, in the Umbergaon taluka of Valsad district. With an estimated annual revenue potential of ₹280 to ₹300 crore, this unit is poised to make a significant contribution to Heranba’s overall growth trajectory.

The Sarigam Unit boasts a production capacity of 9000 MTPA, ensuring efficient and scalable operations. The company anticipates achieving optimal capacity utilization in the near future, further driving revenue and profitability.

This development marks a significant milestone for Heranba Industries Ltd., reinforcing its position as a leading player in the industry. The company remains dedicated to leveraging its expertise and resources to deliver innovative solutions that meet the evolving needs of its customers while contributing to a sustainable future.

Commenting on this development, Mr R K Shetty, Managing Director, Heranba, said, “This Commercial Production will generate additional revenue for our Company. This is in line with our commitment and promises made in the past. This commencement of commercial production is a recognition of Heranba’s established track record, healthy accruals and resiliency of the business model. Our continued growth trajectory shows the strong and resilient DNA that we are built on. We are dedicated to accelerating revenue growth and improving productivity in order to achieve significant margin expansion, and we continue to view FY25 as a crucial acceleration point in Heranba’s growth trajectory. We remain focused on delivering better services thereby benefiting all the stakeholders.”

On October 8, 2024, Heranba share opened at ₹433.10 and touched the day high of ₹471.95 at 12:50

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