As many as 1.37 lakh shares were traded in the counter on the BSE.

Gujarat Ambuja Exports reported 73% growth in net profit in the March 2007 quarter to Rs 11.21 crore (Rs 6.49 crore). Net sales edged up to Rs 355.86 crore from Rs 351.92 crore.

Recently, Gujarat Ambuja Exports said it had set aside Rs 26.25 crore for buying back its shares through the open market. The maximum price at which it will buy-back these shares was set at Rs 38. The buy-back will begin on 16 April 2007.

Any buy-back finds favour from the market as it leads to reduction of equity. The company has to cancel shares in a buy-back (to the extent of shares bought back).

Gujarat Ambuja Exports’ current equity base is Rs 27.86 crore. Face value per share is Rs 2.

Gujarat Ambuja Exports manufactures refined castor oil, hydrated castor oil and hydrogenated castor oil.

The company plans to set up its first maize-based ethanol and extra- neutral alcholol (ENA) plant at Nashik. The Rs 100 crore plant will be operational by September 2007. An additional Rs 225 crore will be pumped into the project after commencement.

Gujarat Ambuja Exports had commissioned two wind mills, each of 1.250 Mw at Vanku, Kutch, on 22 September 2006, while another wind mill of 0.8 Mw capacity was commissioned on 12 September 2006, at Satapar, Jamnagar, Gujarat.