Thursday, January 14, 2016
Agro Tech Foods Ltd on Wednesday said it has completed the purchase of 5.15 Bigha (apprx.1.7 acres) of land in Howrah (West Bengal) worth Rs 3.01 crore. The move has come as the company is planning to expand its manufacturing footprint in the eastern part of the country. In a filing to the Bombay Stock Exchange, the company said, “The company has on January 13, 2016 completed purchase of land in Howrah (West Bengal) to an extent of 5.15 Bigha (apprx.1.7 acres) costing Rs 3.01 crore for expanding its manufacturing footprint in the eastern part of the country.” The company refines oils and agricultural raw products. It also manufactures processed and branded foods. Meanwhile, shares of the company closed at Rs 531.50 apiece, down 0.98 per cent, from previous close on BSE.