Brief: Sanwaria Agro Oils to form a unit in Dubai

Sanwaria Consumer

23/11/2015 10:00

Nov 23 (Reuters) - Sanwaria Agro Oils Ltd  SNWR.NS : 
 * Board informed that it has been decided to form a subsidiary co in Dubai to 
   cater specific business for export,marketing of basmati rice for Middle East 
   market 
 
 * Source text: 
Sanwaria Agro Oils Limited has informed the Exchange that the Board of Directors informed that it has been decided to form a subsidiary Company in Dubai to cater specific business needs for export and marketing of Basmati Rice for Middle East Market. Further, Iran,Iraq and African markets will also be catered through this subsidiary . Presently, the Company is introducing its Basmati Rice Brand "Nashira " for the Middle East Market and others with a local partner there.The Board of Directors noted further that presently the paddy processing capacity of the Company under operation is 600 Metric tonnes (MT) per day and a substantial portion of revenue of the forthcoming Quarters including the running Quarter will come from Paddy/Rice business. 
 
 
 * Further company coverage  SNWR.NS   
((Bengaluru Newsroom; +91 80 6749 1130))