Hindustan Foods (HFL) will be undertaking a capital expenditure of Rs 125 crore in the Northern region of India, via its Wholly Owned Subsidiary (WOS), HFL Consumer Products.
The WOS will be setting up a Food & Beverages manufacturing facility for a leading FMCG brand. The work for the said facility will commence from Q4FY21 and commercial production is expected to begin from Q4FY22. The new facility is part of company’s consolidated plans to expand its footprint in contract manufacturing space for the FMCG products. The capex by the WOS is likely to be funded through combination of internal accruals and debt.
Hindustan Foods manufactures high quality cereal based food products and a range of instant mixes, baby foods, instant porridges, breakfast cereals and health drinks.
