Mumbai: The share transfer and allotment committee of Usher Eco Power Ltd. in its meeting held on August 22, 2010 allotted 91,17,000 equity shares of Rs. 10/- each to Usher Agro Ltd. and after the share allotment, the share holding of Usher Agro Ltd. will increase from 44.35% to 70.18%. After this allotment Usher Eco Power Ltd. is now the subsidiary of Usher Agro Ltd.

Usher Agro Ltd. has charted its growth plan based on its conviction of the opportunities available in food processing sector and have been consistently building up the processing capacity right from its inception. Usher put its first project of rice milling at Mathura (U.P.) started in 1996 with a installed capacity of 10800 MTPA and which is now stood at over 252000 MTPA apart from 300000 MTPA is under implementation. Besides, rice milling Usher is also having Wheat flour milling facility of 75000 MTPA and captive co-generation power plant based on rice husk a by-product of rice milling activity.

Usher Eco Power Limited is setting up a 16 MW power Plant near to existing rice plant of Usher Agro Limited. This power will used by Usher Agro Limited Rice mill and the excess power will supply to Tata Power Trading Company Limited.

Usher believes in using the latest technology & has adapted itself with the rising demands in the industry. ‘Rasoi Raaja’ a registered brand of Usher is identified with superiority, quality & credibility.

With the expansion in existing rice milling capacity, USHER will become one of the leading rice millers in India. USHER is now a recognized name and a great contributor in the progress of Indian food processing industry in general & basic food segment in particular.