Expansion to serve eastern region.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

Dairy-product maker Hatsun Agro Product Ltd. (HAPL) is planning to set up two dairies in the eastern region as part of its expansion plans, said a top official.

“Today, our board has given approval for setting up two dairy plants,” said H. Ramachandran, CFO.

“Details such as size of the plant, total investment and the time frame of their execution will be announced in a month’s time. We have to get sizeable chunk of land in these places to set up the plants.”

The ₹5,317-crore firm has a strong presence in the South and in Maharashtra.

“The new dairies are likely to come up north of Andhra Pradesh and in Odisha, at a distance of about 150 km. This would enable us to serve the eastern region up to Kolkata,” he said.

HAPL’s board also approved the signing of a share purchase agreement with solar power company Swelect Sun Energy Pvt. Ltd.

The two companies would set up a 16 MW solar power project.

“Basically, this agreement is for the purchase of solar power for captive use in Tamil Nadu,” he said.

Nominations are open for Fonterra’s board election but a repeat of the drama that rocked the vote three years ago can be ruled out.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER