Penny stock under Rs 10: This animal feed company signs MoU with Avalon Energy Group LLC, USA

The stock is up by 58 per cent from its 52-week low of Rs 3.38 per share.

Avalon Bioenergy, an Indian subsidiary of the US-based Avalon Energy Group, and Ajooni Biotech Limited are joining forces to develop the agri-processing component of the Moringa project. This collaboration will involve setting up processing plants, including crushing and drying mills, across India. These facilities will be designed to handle both Moringa seeds and leaves.

The partnership leverages the strengths of each company. Avalon will focus on processing the extracted Moringa oil for further refinement and marketing. They have a pre-existing advantage with a long-term contract for selling the oil to a major oil and gas company, Novvi LLC, a subsidiary of Chevron USA Inc. Additionally, Avalon is actively securing land and establishing partnerships with large and small cooperatives to cultivate Moringa oleifera and other oilseed crops.

Ajooni, on the other hand, will concentrate on processing the leftover Moringa seed cake, a byproduct of oil extraction, into animal feed. This aligns with Ajooni's existing business model, allowing them to further process and market the feed to their customer base in India or for export. Ajooni also brings experience in Moringa cultivation, having already initiated the process and conducted trials on various uses for the plant.

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By combining their expertise, Avalon and Ajooni aim to create a comprehensive Moringa processing value chain in India. This partnership will maximize the utilization of the entire Moringa plant, generating valuable products for both domestic and international markets.

Ajooni Biotech Limited, a leading innovator in pure vegetarian animal healthcare solutions, prioritizes quality, safety, and production advancements to deliver exceptional service and a comprehensive feed range for both pure vegetarian animal feed and supplements. By partnering with Ajooni, you gain an experienced and knowledgeable ally with a deep understanding of the livestock market. Their focus is on optimizing productivity, meeting animals' complete nutritional needs through a pure vegetarian diet and achieving optimal dietary balance.

Ajooni's team of experts leverages their knowledge and experience to design custom diet programs and recommendations for sustained livestock growth, giving them a competitive edge for future product offerings. As the first pure vegetarian cattle feed and supplement producer in the organized listed space, Ajooni Biotech is a leader in the industry. The company has a market cap of 86.64 crore. The stock’s 52-week high is Rs 6.90 and its 52-week low is Rs 3.38. The stock is up by 58 per cent from its 52-week low of Rs 3.38 per share.

Disclaimer: The article is for informational purposes only and not investment advice.