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Fire breaks out at Hatsun Agro Product’s Salem plant

03 May 2013 Evaluate

A fire broke out at Hatsun Agro Product’s Salem plant on May 01, 2013 night. The total estimated loss/damage is around Rs 5 crore for which there is adequate insurance cover. The company has further informed that there is no loss in revenue or production arising from there.

Hatsun Agro Products is the largest private sector dairy company in India and hence has a distinct advantage of dealing in cow's milk. The company procures around 1.65 million liters of liquid milk per day by directly collecting it from farmers spread over 4,500 villages in south India.

Peers
Company Name CMP
Nestle India 1368.65
Varun Beverages 433.00
Britannia Industries 4934.25
LT Foods 427.40
Hatsun Agro Product 1144.45
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