The joint venture will set up a Greenfield plant with a capacity of 20 tons per day at an investment of Rs 16 crore for the first plant, which is expected to be operational by 2018…READ MORE
KEEP READINGReliance Retail’s dairy business had pan-India presence, with 60 per cent centered around the states of Delhi, Punjab, Haryana, Rajasthan and Himachal Pradesh…READ MORE
KEEP READINGThe company is looking to increase the capacities of existing 14 plants, which together have a milk processing capacity of nearly 19 lakh litres of milk a day…READ MORE
KEEP READINGAndhra Pradesh Chief Minister N Chandrababu Naidu-founded dairy and retail firm Heritage Foods plans to add five more milk processing plants in the next five years, at an investment of Rs 150 crore as part of its strategy to achieve $1-billion turnover by 2022…READ MORE
KEEP READINGHeritage Foods, which currently has around 1,600 milk parlours, is currently reporting sales of about Rs 7,000 a day per parlour…READ MORE
KEEP READINGFuture Group is in advanced talks to acquire the retail business of Heritage Foods, a deal that would give Kishore Biyani sway over a network of more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru, according to people aware of the development…READ MORE
KEEP READINGHeritage Food offers a proxy play to the growing demand of packaged milk and milk products in the country fuelled by increasing urbanisation. The company has seen sustained financial performance and has bright growth prospects. An expected turnaround in its retail business will be an additional trigger for the stock which has given 80% returns in the last one year…READ MORE
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