Sunday, November 15, 2015

#Kwality to invest Rs.520 cr for capacity expansion

Kwality Ltd, one of the leading dairy product manufacturers in North India plans to invest Rs.520 cr for capacity expansion.It has already spent Rs. 160 cr on the froward and backward integration.It was disclosed by the company CFO in TV interview. The company plans to launch flavored milks and value added products in the market from next quarter onwards.

The company has entered into a memorandum of understanding (MoU) with the government of Jharkhand for setting up a project of milk and milk products at Ranchi with minimum investment of Rs 100 crore.The project is expected to generate employment for 300-500, is proposed to commence in financial year 2018-19.The company has various milk processing plants with a capacity to handle around 3 million litres of milk per day. Currently, Kwality has six manufacturing units located at Palwal (Haryana), Bulandsahar (UP), Saharanpur (UP), Jarar (UP), Sitapur (UP), and Ajmer (Rajasthan).