Comments
Hindustan Foods (HFL) has obtained all required licences for pest products and started commercial production from January 2. The company had earlier acquired the pest products manufacturing unit at IGC II, SIDCO Samba, J&K, from Reckitt Benckiser (India) Pvt Ltd on going concern basis. The manufacturing unit will supply pest-care products to Reckitt Benckiser and HFL hopes to achieve a turnover of ₹125 crore annually from this unit. HFL, which has a seven-year committed supply agreement with Reckitt Benckiser, hopes to have a minimum revenue of ₹750-850 crore over the entire period of agreement. Shares of Hindustan Foods closed at the upper circuit of 10 per cent at ₹376, on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.