In order to set up two milk processing facilities, along with expansion of existing facilities and marketing, Hatsun Agro Product is reportedly planning to invest around Rs 850 crore during FY17 and FY18. It will set up two milk and curd processing unit one each at Dharapuram in Tamil Nadu and Ongole in Andhra Pradesh, as part of capacity expansion before March 2018. It is also looking at more active bulk coolers and milk collection centres to be established during current and next fiscal year.
The company is growing at a compounded annual growth rate (CAGR) of 18% in the last five years and it is expecting to maintain the same level of growth for the next three fiscal years, due to penetration into new markets.
Hatsun Agro, India's largest private sector dairy, sells liquid milk under the brand name Arokya, ice creams under the brand Arun Icecreams, and a wide range of dairy products under the brand Hatsun.
