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Neelamalai Agro Industries Ltd. bags export award
The company has been awarded the Export Excellence Award for the year 2020-21 by the Spices Board of India.
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Neelamalai Agro Industries Ltd. to invest Rs 50 crore in new plant
The company plans to set up a new plant in Tamil Nadu with an investment of Rs 50 crore.
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Neelamalai Agro Industries Ltd. reports strong Q3 results
The company reported a 20% increase in revenue and a 15% increase in net profit for the third quarter of 2021-22.
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Neelamalai Agro Industries Ltd. Announces Financial Results for the Quarter and Nine Months Ended December 31, 2022
The Company reported a consolidated net profit of Rs. 4.23 crore for the quarter ended December 31, 2022, compared to a net loss of Rs. 2.96 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at Rs. 130.96 crore, compared to Rs. 94.23 crore in the corresponding quarter of the previous year.
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Neelamalai Agro Industries Ltd. Receives Letter of Intent from Tamil Nadu State Cooperative Marketing Federation Ltd.
The Company has received a Letter of Intent from Tamil Nadu State Cooperative Marketing Federation Ltd. (TANFED) for the supply of 1,000 MT of Urad Dal.
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Neelamalai Agro Industries Ltd. Announces Financial Results for the Half Year Ended September 30, 2022
The Company reported a consolidated net profit of Rs. 7.75 crore for the half year ended September 30, 2022, compared to a net loss of Rs. 5.45 crore in the corresponding half year of the previous year. Revenue from operations for the half year stood at Rs. 252.54 crore, compared to Rs. 176.86 crore in the corresponding half year of the previous year.
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Neelamalai Agro Industries Ltd. Announces Unlocking of Sustainable Value through Green Energy Foray
Neelamalai Agro Industries Ltd. (NAIL), a leading player in the edible oil industry, has announced its strategic foray into the renewable energy sector with the commissioning of a 5.9 MWp captive solar power plant at its manufacturing facility in Cuddalore, Tamil Nadu.
The solar power plant, spread over 30 acres, is expected to generate approximately 8.5 million units of clean energy annually, offsetting the company's carbon footprint by 7,000 tonnes per year. This significant investment in renewable energy reinforces NAIL's commitment to sustainability and reducing its environmental impact.
The commissioning of the solar power plant aligns with NAIL's long-term sustainability goals. The company has adopted a holistic approach to sustainability, encompassing initiatives in energy efficiency, waste management, and water conservation. By harnessing renewable energy, NAIL aims to reduce its reliance on fossil fuels, minimize its carbon footprint, and contribute to India's clean energy transition.
The solar power plant is expected to provide numerous benefits to NAIL, including cost savings on energy consumption, improved energy security, and enhanced brand reputation as a responsible corporate citizen. The company's customers and stakeholders will appreciate NAIL's commitment to sustainability and the positive impact it will have on the environment.
NAIL's foray into renewable energy is a testament to its vision of becoming a future-ready organization. By embracing sustainable practices and investing in green energy, NAIL is not only reducing its environmental impact but also creating long-term value for its stakeholders. The company's commitment to sustainability will continue to guide its operations and strategic decisions in the years to come.