Mom Dairy is ready to take a position Rs 650 crore in establishing two new crops for processing milk and vegetables and fruit, aiming to bolster its operations in response to rising shopper demand. As a outstanding milk provider in Delhi-NCR, It would additionally allocate a further Rs 100 crore to boost the capacities of its present crops.
“In our endeavour to develop our distribution and attain to our customers, we’ve earmarked a capital expenditure (capex) outlay of over Rs 750 crore to boost our dairy and F&V (vegetables and fruit) processing capacities throughout key places,” Mom Dairy Fruits and Greens Pvt Ltd MD Manish Bandlish mentioned, PTI reported.
Mom Dairy is gearing as much as inaugurate a major dairy plant in Nagpur, Maharashtra, with an funding of roughly Rs 525 crore, Bandlish talked about.
The greenfield plant is projected to course of 6 lakh litres of milk day by day, with an expandable capability of as much as 10 lakh litres per day. This upcoming facility will cater to markets within the central and southern areas.
“We additionally plan to fee a brand new fruit processing plant in Karnataka with an funding of over Rs 125 crore beneath our Safal model,” added Bandlish. These two crops are slated for completion inside a timeframe of about two years. “Along with these new greenfield crops, we’re additionally strengthening our capacities in our present amenities with an outlay of round Rs 100 crore,” Bandlish elaborated.
At current, Mom Dairy operates 9 company-owned processing crops for dairy, collectively possessing a milk processing capability exceeding 50 lakh litres per day. Moreover, it engages in processing at third-party amenities. For the horticulture (vegetables and fruit) phase, the corporate possesses 4 crops, hile it collaborates with 15 related crops for the manufacturing of edible oils.
Mom Dairy registered a turnover of roughly Rs 14,500 crore within the fiscal yr 2022-23. Discussing the estimated turnover for this fiscal yr, Bandlish remarked, “regardless of a difficult yr amid subdued summer time season final yr, deflation within the edible oil sector, the corporate is more likely to exit 2023-24 with a reasonable development fee of round 7-8 per cent in quantity phrases.”
ALSO READ | US Fed Charge Determination, Rupee Motion, Upcoming Elections To Affect Buyers, Say Analysts
Established in 1974, Mom Dairy is now a wholly-owned subsidiary of the Nationwide Dairy Improvement Board (NDDB). It was based beneath the ‘Operation Flood’ initiative, the world’s largest dairy improvement program geared toward making India self-sufficient in milk manufacturing.
Mom Dairy, a number one dairy participant in India, produces, markets, and sells milk and milk merchandise beneath the ‘Mom Dairy’ model, together with cultured merchandise, ice lotions, paneer, and ghee. The corporate additionally boasts a diversified portfolio encompassing edible oils beneath the ‘Dhara’ model and a spread of recent vegetables and fruit, frozen greens and snacks, unpolished pulses, pulps and concentrates beneath the ‘Safal’ model.
Within the Delhi-NCR area, Mom Dairy operates quite a few milk cubicles and Safal stores. It sells greater than 35 lakh litres of recent milk (pouched and token milk) per day in Delhi-NCR.
