Introduction:
Leading FMCG company has commenced operations at a new Edible Oil Refinery and Packing Unit in Jotana, Gujarat, with a daily production capacity of 200 metric tonnes. The expansion also includes an oil seed crushing plant, boosting production and revenue potential.
Share price movement of MGEL:
On January 7, 2025, Mangalam Global Enterprise Ltd (MGEL) opened at ₹27.97, up 2.08% from its previous close of ₹27.40. The stock reached a high of ₹30.00 (8.76%) and a low of ₹27.63. By 2:42 PM, it traded at ₹29.80, an 8.76% increase, with a market capitalization of ₹491.04 crore.
MGEL Starts Operations at New Refinery:
Mangalam Global Enterprise Limited (MGEL) announced the commencement of operations at its new Edible Oil Refinery and Packing Unit in Jotana, Gujarat. The unit, with a production capacity of 200 metric tonnes per day, was developed at an investment of ₹10.87 crore.
Alongside the refinery, an oil seed crushing plant with a capacity of 20 metric tonnes per day has also been established. This expansion aims to bolster MGEL’s manufacturing capabilities and enhance its production capacity in the edible oil sector.
With the addition of these new assets, MGEL anticipates a revenue increase of approximately ₹400 crore annually. The company’s growth strategy highlights its commitment to expanding operations and meeting market demand effectively.
Ace investor holding in MGEL:
Sarath Ch.
Sarath Ch. holds a 1.69% stake in Mangalam Global Enterprise Limited (MGEL), owning 2,782,501 shares valued at ₹8.3 crore. This significant investment reflects confidence in the company’s growth and performance in the market.
Stock performance of MGEL for Period of 1 week, 6 months and 1 year:
Mangalam Global Enterprise Limited (MGEL) experienced a 3.82% decline over the past week and a 10.5% drop over six months. However, the company achieved a strong 64.4% growth in returns over the past year.
Also Read: Stock under ₹2 jumps 4.3% after it receives mega projects status for its manufacturing facility
Shareholding pattern of MGEL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72% | 72.00% | 72.00% |
| FII | 0% | 0% | 0% |
| DII | 0% | 0% | 0.10% |
| Public | 28.00% | 28% | 27.90% |
About MGEL:
Mangalam Global Enterprise Limited (NSE: MGEL), founded in 2010, specializes in manufacturing refined castor oil, de-oiled castor cakes, cotton bales, and seeds. Catering to domestic and international markets, MGEL operates under the Ahmedabad-based Mangalam Group.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
