MoneyWorks4Me

LT Foods commences operations at rice processing plant in Rotterdam

29 Jun 2017 Evaluate

LT Foods has commenced operations its first rice processing plant in Europe at Rotterdam, Netherlands. The company has made an investment of $15 million in the plant with initial capacity of 60,000 tonnes and scope for further expansion in the future.

The company plans to make its most popular ‘Daawat’ brand a household name in Europe using raw material from India. The move will benefit 5000 farmer families in India with brown rice supply increasing from India.

LT Foods is a branded specialty foods company. It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.


Peers
Company Name CMP
Nestle India 1353.10
Varun Beverages 421.80
Britannia Industries 5016.00
LT Foods 422.75
Hatsun Agro Product 1139.40
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