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BS ReporterChennai-based listed dairy and dairy products maker Hatsun Agro Product Ltd has announced plans to set up dairy plants in Maharashtra and Odhisha. The company has posted a profit of Rs 382 million, as against a similar profit during the same period of last fiscal.The company has completed acquisition of about 75 acres of land situated at Solapur District for about Rs 60 million to set up a dairy manufacturing plant in the State of Maharashtra. The installation of the dairy plant is expected to be commissioned before end of December 2019.It is also planning to set up a dairy plant in the State of Odisha considering an attractive proposition for investment offered by the State of Odisha and has submitted investment intention for with the Industry Department of Odisha Government. Profit for the quarter ended September 30, 2018, stood at Rs 382.63 million as compared to Rs 382.10 million during same quarter of previous year. The total income was at Rs 11.87 billion as against ..
Chennai-based dairy products manufacturer Hatsun Agro Product Ltd has said that it is in the process of investing around Rs 450 crore in 18 months from April 2016, to build facilities for its ice cream, milk and related products business.Of the total capex, around Rs 135 crore would be invested into capacity expansion and marketing of ice creams, which it sells under the brand, Arun Icecreams. The company is planning to expand its capacity to manufacture ice cream from the current one lakh litre a day to 1.5 lakh litre a day. It is also planning to have around 600-700 stores under a new model in which the retail and distribution will be handled by each store, while earlier the distribution and retail were under another model, said R G Chandramogan, chairman and managing director of Hatsun Agro. He was speaking to the press during an event, 'Eat All You Can', conducted by the company in Chennai to offer unlimited ice cream bars in 20 minutes for Rs 50 to promote its new range of ...