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Vadilal Industries to invest Rs 30.62 crore in capex plan

31 Jul 2012 Evaluate

Vadilal Industries has received an approval to invest a sum of Rs 30.62 crore approximately, in the capital expenditure to be incurred by the company towards expansion-cum-modernisation of its ice-cream divisions situated at Pundhra, in the state of Gujarat and Bareilly, in the state of Uttar Pradesh and its processed food division situated at Dharampur, in the state of Gujarat and means of finance thereof.

The company is engaged in the manufacture and sale of ice-cream and processed food products. The company's ice-cream segment offers a range of ice creams and frozen desserts in packs, including cups, party packs, family bricks, dollies, cones, and candies.

Peers
Company Name CMP
Nestle India 1364.90
Varun Beverages 434.65
Britannia Industries 4939.00
LT Foods 422.25
Hatsun Agro Product 1163.20
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