Parag Milk Foods to expand Gowardhan Dairy brand

Details: Category: Dairy

Parag Milk Foods Pvt Ltd, a Pune based dairy company is planning to invest Rs.1600 million in 2010 to expand its milk processing capacity to 20 lakh litres/day. It also involves establishing a cold chain, a milk collection centre with an investment of Rs. 120 million in Shrirampur near Shirdi in Maharashtra. The company USP is that it makes use of only cow’s milk to make various products. It may be noted, its new Palamner milk processing plant (10 lakh litres milk processing capacity) at Palamner in Chittoor district of Andhra Pradesh with an investment of Rs. 650 million is to commence production by year end. Motilal Oswal has picked up 11% equity in the company.