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LT Foods’ arm starts new facility in Uganda

05 Aug 2023 Evaluate

LT Foods’ subsidiary -- Nature Bio Foods has started a new facility in Uganda, Africa. The new facility will be involved in the procurement and processing of soyabean meal and help in the expansion of the product portfolio, including chia seeds, sesame seeds and sorghum. The plant will have a production capacity of 10,000 tonnes in the first year and aims to scale it up to 18,000 tonnes by 2024. 

Nature Bio Foods is an organic business arm of LT Foods, which sells basmati rice under Daawat and Royal brands.

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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