While the subscriber addition saw a growth of 35% in the current fiscal, the pension fund grew by 40% and same growth is expected to continue in fiscal 2017-18 as well.
The company on Thursday got listed on the Bombay Stock Exchange and expects to rake in Rs 6.6 crore from the IPO proceeds to be used for expansions.
ties.Industry experts and analysts attribute increasing MICE events, including investor summits, to an improved economic sentiment amidst growing competition.
Analysts expect the demand for processed chicken to nearly double over the next 3-4 years.
This phenomenon of using SMP to make milk in winter -a first in India -helped large dairies register abnormal growths in SMP sales, which was also aided by improved demand from institutional players, said analysts.
Also, the broiler volume growth has been intentionally kept at manageable levels to avoid supply glut given industry wide supply control measures.
Usually, large dairies convert excess liquid milk production in winter seasons into SMP to be used for converting it into milk later during lean summer seasons.
The company is looking to do a pilot project on the Musi river in Hyderabad and plans to work with Tamil Nadu authorities in clearing the oil spill.
The company is in talks with Telangana State police department for supply of toughpads, which will be mounted on police vehicles for immediate response to a complaint.
The company has revived one of its old plants in Hyderabad for this venture and plans to set up a new factory in Andhra Pradesh by 2018 and is in advance stage of discussions.
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