Parag Milk Foods to Invest ₹100 Crore to Expand Paneer Production Capacity
Parag Milk Foods plans to invest ₹100 crore to increase its paneer production capacity from 20 MT to 80 MT per day by expanding its facilities in Maharashtra and Andhra Pradesh. The new capacity is expected to be operational by June 2027.
Tags
Entities
What Happened?
Parag Milk Foods plans to invest ₹100 crore to increase its paneer production capacity from 20 MT to 80 MT per day by expanding its facilities in Maharashtra and Andhra Pradesh. The new capacity is expected to be operational by June 2027.
Why it matters
This investment could enhance Parag Milk Foods' market presence in the dairy sector.
Key points
- Parag Milk Foods will invest ₹100 crore to expand paneer production.
- The expansion will increase capacity from 20 MT to 80 MT per day.
- New facilities will be located in Maharashtra and Andhra Pradesh.
- The expansion is expected to be operational by June 2027.
- Paneer is a flagship product, contributing over 90% of the company's turnover.
Key insights
- The expansion may help meet the rising demand for paneer in organized markets.
- Parag aims to strengthen its position in value-added dairy products.
- The increased capacity could improve distribution across India.
AI Quick Summary
Parag Milk Foods plans to invest ₹100 crore to expand paneer production capacity to 80 MT per day by June 2027.
Source
Business Standard
