
Andhra Minister Manohar asks millers to supply large quantity of rice to Centre
The minister noted that the central government is ready to procure 50 lakh tonne of Custom Milled Rice (CMR) from the five states–Andhra Pradesh, Haryana, Punjab, Chhattisgarh and Odisha.
Rice millers should get ready to supply CMR with upto 10 per cent brokenness to the Centre (FCI) to meet the target set for Andhra Pradesh, an official release said.
He asked the rice millers to put forth their proposals to meet the central government's target and added that a pilot project to procure 10,000 tonne rice from East and West Godavari, Konaseema and Eluru districts were successfully executed recently.
Manohar advised the rice millers to avail this opportunity and compete with other states to supply rice to the Centre.
view comments
First Published:
July 17, 2025, 22:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News18
8 minutes ago
- News18
Rajoo Engineers raises Rs 160 via QIP issue, FII holding up at 3.8 pc
Mumbai, Jul 23 (PTI) Plastic extrusion machinery manufacturer Rajoo Engineers Ltd has raised Rs 160 crore through a qualified institutional placement issue, driven by strong demand from both domestic and global investors, the company said on Wednesday. Morgan Stanley Asia (Singapore), HDFC Bank, Rajasthan Global Securities, Moneywise Financial Services, Credit Access Life Insurance Limited, BNP Paribas Financial Markets – ODI are among the institutional investors that participated in the issue, the company said in a statement. 'The QIP was executed through the issuance of 1,46,78,900 equity shares at Rs 109 per share (face value Re 1 each). The QIP issue closed on July 21," it added. Foreign Institutional Investor (FII) holding has increased to 3.8 per cent and domestic institutional investor (DII) holding has risen to 4.46 per cent post-issue. 'This successful fundraise of Rs 160 crore marks a significant milestone in our journey. We are committed to leveraging this capital to further scale our operations and create long-term value for our stakeholders," Rajoo Engineers Managing Director Khushboo Doshi said. The company plans to utilise the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. PTI HG SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
11 minutes ago
- News18
RattanIndia Power reports Rs 13.41 cr loss in Q1
Agency: PTI Last Updated: New Delhi, Jul 23 (PTI) RattanIndia Power on Wednesday reported a consolidated net loss of Rs 13.41 crore in June quarter mainly due to lower revenues. The company had reported a consolidated net profit of Rs 93 crore in the year-ago period, as per a BSE filing. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
12 minutes ago
- News18
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
New Delhi, Jul 23 (PTI) NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. PTI SP SP SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 15:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.