LT FOODS LTD (27941715): Stock Quote & Company Profile

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Company is listed on both NSE and BSE. NSE symbol for LT Overseas Ltd is 'DAAWAT' and BSE code for LT Overseas Ltd is '532783'. LT Overseas (DAAWAT) is primarily in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market. Incorporated as a private limited company on Oct. 16, 1990 and the company was converted into a public limited company on May 3, 1994. The company`s operations include contract farming, procurement, storage, processing, packaging and distribution. It has R&D facilities to develop better aroma, better head grains yield, reduce stickiness and develop value-added rice. Product portfolio includes basmati, brown, white, steamed, parboiled, organic, quick-cooking, value-added and flavored rice in the ready to cook segment. Popular brand names are Dawaat and Heritage. The manufacturing facility in Bahalgarh, Haryana has processing capacity of 27 TPH of paddy and 3.5 TPH is processed in leased facilities. The company has ISO 9000:2001, HACCP and the SQF certification. Satake Corporation, Japan develops and design rice processing machines for the company. It has contract farming agreements for basmati paddy with Tata Chemicals; strategic alliance with Phoenix Agri Silica Corporation for development of a silica plant which converts husk ash into silica; and MoU with Madhya Pradesh State Industrial Corporation to set up a Rs 600 million rice milling and rice food processing project. Subsidiaries include LT Overseas North America, Dawaat Foods, LT International, Nice International FZE, Nature Bio Foods, Sona Global and Raghunath Agro Industries. The company has more than 100 distributors present in India and exports to more than 35 countries with exclusive arrangements with distributors in North America, South America and the European region. The registered office is at A-21, Green Park, Main Aurobindo Marg, New Delhi-110016.