The Hindu Business Line : Riddhi Siddhi’s Uttarakhand plant to reach optimum capacity this year

Ahmedabad, May 19 The Rs 120-crore plant set up at Rudrapur in Uttarakhand by Riddhi Siddhi Gluco Biols Ltd, India’s largest producer of maize starch and its derivatives, would reach the optimum level of production in 2008-09, the company said here on Monday.

The maize processing plant, having a capacity of 1.65 lakh tonnes per annum (TPA), was commissioned in the last quarter of 2007-08. Its operations have stabilised now and the capacity utilisation is being gradually increased to reach the optimum level this year.

The plant would focus on the production of value-added maize starch derivatives for the food, dairy and pharma industries. With its commissioning, the company’s total maize processing capacity has gone up by 50 per cent, from 3.35 lakh TPA to five lakh TPA.

With this capacity addition, the Gokak (Karnataka) plant is back to its normal operation and with the functioning at its peak after capacity expansion at the Viramgam (Ahmedabad) plant, the company is poised for an aggressive growth in the coming years, it said in a statement.

The company also has a polymer plant at Puducherry for producing specialty starches for the paper industry.

Improving yield

In 2006, Riddhi Siddhi Gluco Biols, the largest corn wet milling company in the Indian subcontinent having the highest crushing capacity, had joined hands with France’s Roquette Freres, a leading player in this industry with a consolidated turnover exceeding $4.5 billion, to improve the yield parameters and develop new products.

Its products are used in various applications catering to key industry verticals, namely food, confectionaries, textile, paper, pharmaceuticals and adhesives. Its 200-plus clients include Nestle, Perfetti, Heinze, ITC, Britannia, Wrigley, Hindustan Unilever and Cadbury’s.

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