Usher Agro has commenced commercial production of its expanded rice milling facilities at Chhata, District Mathura, UP, which has an additional installed capacity of 2,91,600 MTPA with effect from March 28, 2011. After successful completion of the expansion, the total operational and installed rice milling capacity of the company has been increased to 5, 43,600 MTPA. Out of the said total rice milling capacity, the company has capacity to process and produce 'Par Boiled Rice' up to 4,50,000 MTPA, which is one of the largest in the country.
The company is of the view that the operations of the expanded capacity will have a positive bearing on the top line and the profitability of the company.
Usher Agro is engaged in the production and sale of agricultural products. For the quarter ended September 30, 2010, the company had posted a net profit of Rs 8.14 crore on the back of revenues of Rs 114.48 crore.
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