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Hatsun Agro Product gets nod for acquisition of feed plant

31 May 2013 Evaluate

Hatsun Agro Product has received an in-principle approval for acquisition of feed plant in Tamil Nadu / Karnataka and further investment in it for an amount not exceeding Rs 15 crore. The board of directors at its meeting held on May 30, 2013 has approved for the same.

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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