Avanti Feeds Limited Appoints Sri Solomon Arokia Raj as Nominee Director in Place of Sidharth Jain
February 09, 2018 at 06:24 am EST
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Avanti Feeds Limited has announced that Board Meeting held on February 09, 2018 approved appointment of Sri Solomon Arokia Raj, IAS, Chairman & Managing Director, APIDC as Nominee Director with effect from February 01, 2018 in place of Sidharth Jain, IAS.
Avanti Feeds Limited is an integrated seafood company. Its segments include Shrimp Feed, Processed Shrimp, Power, and Shrimp Hatchery. The shrimp feed is manufactured and marketed to farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under a power purchase agreement. It has five shrimp feed manufacturing units, two shrimp processing units, a hatchery to produce shrimp larvae and a shrimp culture farm. Its products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. It provides its products to various markets, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.