By: ICN Bureau
Last updated : October 08, 2024 1:03 pm
Company expects Sarigam Unit to generate annual revenue of Rs.280 to Rs. 300 crore
Heranba Industries has announced that its wholly owned subsidiary Heranba Organics Private Limited (HOPL) started commercial production from Sarigam Unit situated at GIDC, Sarigam, Valsad, Gujarat.
This development is in line with company’s commitment and promises towards fostering sustainable growth while also creating job opportunities in the region.
Heranba expects this Sarigam Unit to generate annual revenue of Rs. 280 to Rs. 300 crors. The production capacity and capacity utilisation of this Sarigam Unit will be 9000 MTPA.
Commenting on this development, 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 accelerate revenue growth and to improve 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 in delivering better services thereby benefiting all the stakeholders.”