Britannia to invest Rs 100 cr in 2 new plants

Britannia Industries Ltd. | Consumer Food | FMCG | BSE: 500825 | NSE: BRITANNIA

06 Sep 2010 Evaluate

Britannia Industries (BIL) will invest around Rs 100 crore to set up a plant each in Bihar and Orissa to scale up production to cater to the growing market. BIL has applied to the Orissa government for 10-12 acres of land near the twin city of Cuttack and Bhubaneswar and expect to get a final nod on it within weeks.

The unit, to be built at cost of Rs 40 to 45 crore, will have an installed capacity to produce about 2,500 tonnes of biscuit per month. Besides this, the company is planning to start a plant in Bihar with an investment of Rs 40-45 crore.

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Peers

Company Name	CMP
Nestle India	1384.00
Varun Beverages	416.25
Britannia Industries	4970.00
LT Foods	437.85
Hatsun Agro Product	1222.80
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