ANI PR Wire
03 Aug 2022, 11:45 GMT+10
Mumbai (Maharashtra) [India], August 3 (ANI/PNN): BSE-listed Mishtann Foods Ltd. has bagged 'The Economic Times Business Transformation Icons 2022.'
Hiteshkumar Patel, CMD, Mishtann Foods Ltd., was felicitated at a star-studded event in Mumbai recently.
Mishtann Foods Ltd. (BSE: 539594) engaged in manufacturing and marketing of a large variety of rice with a focus on Basmati Rice and pulses like dal and salt.
Earlier, sometime back, it announced results for Q1FY23. Net profit of Mishtann Foods rose 216.05% to Rs 11.03 crore in the quarter ended June 2022 as against Rs 3.49 crore during the quarter ended June 2021. Sales rose 118.73% to Rs 158.27 crore in the quarter ended June 2022 as against Rs 72.36 crore during the previous quarter ended June 2021.
The Company has seen a good response for Mishtann Salt, which had bagged several orders from major retail stores, has successfully executed these orders and is receiving a good response for its salt, which has several health benefits.
The Company has journeyed into unchartered spheres and territories, elevating enroute the industry standards due to stringent quality control practices, and is on a growth path with several new plans.
Mishtann Foods Ltd. had bagged several orders for its Mishtann brand salt from major retail stores.
The Company has journeyed into unchartered spheres and territories, elevating the industry standards due to stringent quality control practices. The Company is on a growth path with several new plans.
The Company had recently issued bonus equity shares in the proportion of 1:1.
Earlier, the Company had executed a Memorandum of Understanding (MoU) with the Government of Gujarat for setting up India's biggest Grain Based Ethanol project of 1000 KLPD in Gujarat. The estimated project cost is to the tune of Rs 2250 crore, giving employment to 5000+ people directly or indirectly and is expected to generate annual revenue of approximate Rs 3500 crore.
Mishtann has initiated the required steps to move forward with the project efficiently with a view to commencing the grain-based Ethanol plant as desired from the second quarter of the year 2024.
Every grain of Mishtann Basmati is a testimony of commitment to quality, taste and health.
The mission is to fuse taste, health and happiness, making Mishtann the most reliable Indian brand in agro products worldwide. The Company has a huge export market also. With the government's thrust on the agro sector, Mishtann is riding high on this sunrise sector.
Rice being the staple diet of millions of Indians, Mishtann has taken up the task of ensuring that the highest quality is maintained and assured. Mishtann Basmati Rice has today become a source of holistic health and immense happiness for connoisseurs of food across the globe.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Get a daily dose of Cambodian Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cambodian Times.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
(Photo credit: Jasen Vinlove-Imagn Images) Veteran wide receiver Chase Claypool, who hasn't played in the NFL since 2023, is confident...
(Photo credit: Dale Zanine-Imagn Images) Ramon Laureano and Jacob Stallings delivered run-scoring doubles in the 10th inning to help...
(Photo credit: Troy Taormina-Imagn Images) Bobby Jenks, a member of the 2005 Chicago White Sox World Series championship team, died...
(Photo credit: Brad Penner-Imagn Images) Pete Alonso had two home runs and five RBIs to help the New York Mets extend their winning...
(Photo credit: Sam Navarro-Imagn Images) Rookie Agustin Ramirez grounded a two-out, two-strike, two-run, tie-breaking single in the...