The company has informed exchanges, this will diversify the company’s
revenue streams by enhancing its market presence and expanding its client base
for long-term growth.
The estimated
investment for the project is approximately INR 180 Crores, or such other
amount as may be amended by the Board of Directors from time to time. GAEL is principally involved in the manufacturing of corn starch derivatives,
soya derivatives, feed ingredients, cotton yarn, and edible oils. Since its incorporation in 1991, GAEL strives to serve the food,
pharmaceutical, feed and many other industries with a long term growth strategy
in the Agro-Processing sector.