Thebullishtrends: Aries Agro shares are trading at Rs.119.65(+Rs.1.65) Aries Agro Ltd has inaugurated its new plant at Pashamylaram, Patancheru, Dist. Medak Andhra Pradesh on March 24, 2008.
A specialty Micronutrient Company Aries Agro Ltd is responding to growing needs of Indian farmers with the opening of a new manufacturing unit for secondary and micronutrients as well as water soluble major fertilizers. Aries has invested Rs 245 lakhs (excluding land cost) into the new plant, which open's today and will serve over three million farmers across the different states in Andhra Pradesh, Chattisgarh, Madhya Pradesh, Tamil Nadu, Karnataka and Orissa.Micronutrient usage in India is increasing because farmers have realized the need for balanced fertilization with secondary and Micronutrients.
The new manufacturing facility is located at Pashamylaram, Patancheru, Dist. Medak, Andhra Pradesh, is the largest and state-of-the-art Unit of the Company. It is also the largest manufacturing unit in India for micronutrients, mainly dedicated for manufacturing two flagship brands, namely, 'Aries Agromin Max' and 'Aries Chelamin'.The total constructed area is 24,000 square feet, and in addition to the existing capacity of 21600 TPA, this unit will add further 32400 TPA. The facility will also be engaged in the packaging of other major brands including Macrofert, Boron 20 and Fertimax with a packing capacity of 9 million pouches per year.In fiscal year 2008-09, Company plans to set up new manufacturing units at Ahmedabad, Lucknow and an additional unit in Maharashtra."
