Nutricircle Limited Enters MoU for BioNutrition Valley Development in Tripura
Nutricircle Limited, formerly known as Shreeyash Industries Limited, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Tripura, to develop the BioNutrition Valley. The agreement was signed on July 16, 2026, to establish a manufacturing plant for proteins, functional food ingredients, and bio-based products.The initiative is designed to utilize circular bioeconomy practices. The project aims to achieve several key outcomes, including value addition to agricultural produce, sustainable industrial development, employment generation, and the enhancement of farmer income.
Project Scope and Financial Estimates
The development of the BioNutrition Valley involves a proposed investment ranging from Rs. 100 Crore to Rs. 130 Crore. The agreement specifies that the project will focus on manufacturing processes for nutritional products while fostering industrial growth in the region.| Feature | Details |
|---|---|
| Partner Entity | Department of Industries, Government of Tripura |
| Purpose | Development of BioNutrition Valley for proteins and functional food ingredients |
| Proposed Investment | Rs. 100 Crore to Rs. 130 Crore |
| Agreement Validity | 12 months (extendable upon mutual agreement) |
Key Terms of the Agreement
The MoU serves as an initial expression of interest between Nutricircle Limited and the Government of Tripura. The following primary terms have been established:The agreement remains valid for a period of 12 months, with the possibility of extension for a specified duration based on mutual agreement. Under these terms, Nutricircle Limited is responsible for obtaining all necessary permissions, licenses, and clearances required by government rules prior to the commencement of the project.
The Department of Industries, Government of Tripura, will facilitate the company in obtaining required registrations and approvals as per existing government policies and regulations. The company has committed to initiating project activities within one year of signing the MoU, contingent upon receiving the necessary clearances.
Stock Price Movement
Nutricircle Ltd shares settled at ₹285.00, down 1.99% on Monday. The stock traded completely flat throughout the session, remaining locked at a level of ₹285.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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