Hatsun Agro Product rises on completion & commencement of its new plant
Hatsun Agro Product Limited (HAP) announced on Thursday after the market hours that the company’s new Maharashtra plant has started its commercial production.
The plant has been set up in Solapur district of Maharashtra. It is among one of the most technologically superior plants in the country with all its production process being fully automated. It is set up in an area of 72 acres at a cost of Rs 130 crore. This is the company’s nineteenth manufacturing plant in the country.
The plant follows the latest design philosophy and has specialised imported types of equipment from Germany to process 6 lakh litres milk per day (LLPD). It emphasises the design to make it employee-safe and make products of the finest quality, keeping in mind, product hygiene. HAP has also set up a water pond inside the factory premises for harvesting rainwater to the tune of 1.25 crore litres, which is the first-of-its-kind in the area.
Providing employment opportunity to more than 3,000 employees, the company will manufacture milk, curd, buttermilk, chaas, lassi, yoghurt and shrikhand at its new plant and plans to market these products under prestigious household brand names like ‘Arokya’ and ‘Hatsun’.
The company’s stock witnessed a rise of 4 per cent soon after the morning bell on Friday but later, came down. At 3.01 pm, the stock of Hatsun Agro Product Ltd was trading at Rs 723.45, up by 1.63 per cent on BSE.