Venky’s India Ltd to set up new project to manufacture veterinary medicine products

Venky’s (India) Limited (the Company) is initiating a new project to manufacture veterinary medicine products as part of its animal health products segment. The company acquired land with an area of ​​15030 m² in MIDC, village: Kesurdi, Tal: Khandala, district: Satara, Maharashtra for this purpose. Construction activities will begin in December 2021 and the project is expected to be completed by March 2022 and commercial production to begin by June 2022.

This project consists of manufacturing veterinary drug powders (600 tons / year) and veterinary drug liquids (300 kiloliters / year) to meet the growing demand of the poultry industry.

The total cost of the project is estimated at Rs. 30.00 Crs. which will be financed by internal regularizations.

The proposed plant will be the company’s second and will comply with the latest FDA regulations and is expected to meet export needs as well. The Company already has a factory located in Pune (Maharashtra) with a capacity of 600 tons / year and said capacity is 70-80% utilized.

Venky’s (India) Limited shares were last traded on BSE at Rs. 2,593.20 from the previous close of Rs. 2,591.20. The total number of shares traded during the day was 4,898 in more than 1,313 deals.

The stock hit an intraday high of Rs. 2,648.00 and an intraday low of 2,579.50. The net turnover during the day was Rs. 12782265.00.