ACIL Cotton Industries said it has entered a contract with farmers to cultivate various organic crops in 45 acres of agriculture land at Surendranagar, in Gujarat.
According to the organic contract farming, the company will provide all facilities like irrigation system, technical assistance, quality seeds, organic fertilizers and labours to the farmers for better yields.
Further, the company has decided to set up some unique business model in corporate organic farming business. It is going to establish complete chain from farming to retailing the product for that the company is tying up with farmers for land to corporate organic farming.
On Thursday, ACIL Cotton Industries shares ended 1.2% up at Rs37 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.
ABC India has secured four orders worth Rs114 crore from various companies for logistics related work.
The scope of work includes logistics and transportation of equipment for infrastructure and industrial projects. ABC India's total order book in project logistics currently stands at Rs165 crore.
On Thursday, ABC India shares ended 4% up at Rs129 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.
Varun Industries Ltd said it has entered a joint venture with an Australian-based company Cluff Resources Pacific NL for exploration and development of gold, platinum and gem stone projects in Southern Madagascar.
According to Varun Industries, preliminary investigations have indicated the presence of alluvial sediments containing both gold and platinum. After initial evaluation, the focus of the joint venture would be to carry out a detailed mapping assessment of this area, with Cluff providing Australian geologists and applying its technology, said the company in a regulatory filing.
On Thursday, Varun Industries shares gained 3.8% to Rs143 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.