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ADF Foods’ board approves proposal of taking on lease manufacturing facility in Gujarat

10 Nov 2020 Evaluate

ADF Foods’ board has approved the proposal of taking on lease a manufacturing facility in Gujarat to enhance the production capacity for Frozen Breads, Snacks and Ready to Eat products. The investment required for the said proposal is approximately Rs. 2 crore. The Board of Directors of the company in its Meeting held on November 9, 2020 has approved the same.

ADF Foods manufactures and processes a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets with a manufacturing capacity of 12,600 tpa.

Peers
Company Name CMP
Nestle India 1378.85
Varun Beverages 420.85
Britannia Industries 4991.15
LT Foods 420.00
Hatsun Agro Product 1151.95
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