MoneyWorks4Me

Godrej Agrovet’s arm intends to invest Rs 400 crore in milk processing plants

18 May 2018 Evaluate

Godrej Agrovet’s subsidiary - Creamline Dairy Products (CDPL), as a part of its expansion plans, intends to invest Rs 400 crore in three greenfield milk processing plants in Tamil Nadu, North Karnataka and Maharashtra over the period of next three years.

CDPL had recently acquired a processing plant in Tirunelveli, Tamil Nadu and is in the process of setting up another plant in Vishakhapatnam. The objectives behind this proposed expansion, include growing the share of value-added milk products. In view of the same, it is expected that the milk processing capacity of CDPL would increase from 12 lakh litres per day to 15 lakh litres per day.

Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

Peers
Company Name CMP
Godrej Agrovet 643.10
Avanti Feeds 741.70
Mukka Proteins 27.13
Mayank Cattle Food 107.00
Prima Agro 16.50
View more..