Regaal Resources doubles crushing capacity with ₹389 cr expansion

Regaal Resources is doubling down on its maize-processing business. The company just commissioned two new manufacturing facilities at its Kishanganj plant, effectively doubling its crushing capacity to 1,650 tonnes per day. This move is a major shift for the micro-cap firm, which is sinking ₹389 crore—nearly 42% of its ₹917 crore market value—into the project. Beyond raw volume, the company is moving into higher-margin territory with new production lines for Liquid Glucose and Maltodextrin Powder. To power this growth, it has also more than doubled its captive co-generation capacity to 15.8 MW. Management claims existing capacity was already fully utilized, suggesting the expansion is a response to existing demand rather than speculative growth. The real test now is execution. Financing this through debt will weigh on the balance sheet, but the scale of the investment suggests a clear intent to move beyond basic processing into value-added products.