Aries Agro inks MoU with MCX

Aries Agro inks MoU with MCXMumbai-headquartered Aries Agro Ltd has informed that it has entered into an agreement with Multi Commodity Exchange of India Ltd (MCX).

Under the MoU, Aries Agro will utilize the network of Gramin Suvidha Kendra (GSK) - a joint initiative of India Post and MCX - for promoting its products and supporting the sales initiatives.

This deal will provide Aries Agro an immediate access to 160 Branch Post offices serving 768 Villages in 5 States of Maharashtra, Madhya Pradesh, Uttar Pradesh, Gujarat and Karnataka, which are currently part of the GSK Network.

Aries Agro Limited engages in the manufacture of micronutrients and other nutritional products for plants and animals in India. It produces various products, including plant nutrients, insecticides, and veterinary products.

Shares of Aries Agro declined Rs 0.30, or 1%, to trade at Rs 36.65. The total volume of shares traded was 4143 at the BSE (1.40 p.m., Thursday).