Ahmedabad(IANS) : City-based Gujarat Ambuja Exports Ltd said Friday its market capitalisation of shares has crossed Rs.10 billion.
An elated chairman and managing director of the company, Vijay Gupta, told reporters here this was a big achievement for a firm engaged in agro-processing sector.
The company is operating in soybean solvent extraction and edible oil refining. It is also active in maize products processing, in addition to its textile business.
The company has 17 manufacturing plants, two of which are in Gujarat. The others are in Madhya Pradesh and Akola in Tamil Nadu.
In Gujarat, the plants are located at Himmat Nagar, about 70 km from Ahmedabad and at Kadi, about 25 km on the Ahmedabad-Delhi National Highway-8.
Gupta said the company has performed exceptionally in the first half of the year ended Sep 30, recording a jump of 61 percent in net profit.
The earnings before interest depreciation and tax registered an improvement of 42 percent over the corresponding period last year.
With the increased price realisation, it hopes to achieve revenues of more than Rs.15 billion in this segment alone.