M K Proteins Ltd Share Price

MK Proteins Limited was formed in Haryana as 'MK Proteins Private Limited' under the provisions of the Companies Act 1956, with a certificate of incorporation dated June 15, 2012. Subsequently, the firm was transformed into a Public Limited firm, and its name was changed to 'MK Proteins Limited', pursuant to a shareholders decision dated January 20, 2017, and a fresh certificate of incorporation dated February 8, 2017, issued by the Registrar of Companies.

M K Proteins Ltd Core Business Activities

The company manufactures and trades edible oils, and it has an edible oil production/refining plant. The company's production method includes refining crude oils to produce Refined Rice Bran Oil, Canola Oil, Soya Bean Oil, Sunflower Oil, and Rice Bran Bleached Oil. During the refining process, the firm also produces Rice Bran Fatty Acid Oil, Rice Bran Wax, Gums, and wasted earth, all of which are sellable. Furthermore, the corporation imports, processes, and sells crude oils. The firm also trades food and non-edible oils.

Strategic Acquisitions and Expansion of M K Proteins Ltd

In 2012, the firm acquired a lease, land, and building from the current location of its operations, Shib Charan Dass Industries Private Limited, the group company. Simultaneously, the business purchased its old plant, machinery, and other equipment for manufacturing Vegetable Refined Oil for Rs.290.61 lakhs, with an installed capacity of 120 TPD for manufacturing/refining Vegetable Refined Oil. M K proteins share price keeps fluctuating, so keep track of M K proteins Ltd with BlinkX.

In 2014-15, the firm upgraded its manufacturing capacity from 120 TPD to 250 TPD by spending Rs.383.31 Lakhs on Plant and Machinery, Boiler, and Generator sets, which began commercial production on September 26, 2014. The firm also signed a Consignment Agreement with Shivalik Steels and Alloys Private Limited on January 20, 2014, with the group company offering the company exclusive rights to sell the goods in Himachal Pradesh and Punjab on a commission basis.

Technological Advancements of M K Proteins Ltd

The M K Proteins Ltd share price was driven by the technological advancements it made. The firm is now focused on producing the finest quality edible oil. Its refinery is totally mechanised, and it currently makes Rice bran oil, Sunflower oil, and other products with protein content and regulated fibre free of oil residue, ash, sand, and silica. This is only achievable with consistent cleaning, storage, and monitoring.

M K Proteins Ltd

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