LT Foods jumps 3% ahead of inauguration of rice plant in Netherlands

NEW DELHI: Shares of LT Foods climbed over 6 per cent on Tuesday after the company told stock exchanges that it will inaugurate a rice plant at Rotterdam, Netherlands later this week.

“In continuation of the last announcement made on Rotterdam plant, this is to inform you that the company is inaugurating rice plant at Rotterdam, Netherlands in Europe with an initial processing capacity of 60,000 tonnes on Wednesday,” the company said in a filing to BSE.

The company said that it would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant.

Following the announcement, the stock rose 6.22 per cent to end the session at Rs 68.35 on BSE.