Manpasand Beverages to more than double capacity in 12-18 mos

Fruit juice manufacturer Manpasand Beverages today said it will more than double its production capacity in the next 12-18 months.
The company is setting up four plants in Sri City, Vadodara , Varanasi and in eastern India, with each having a production capacity of 50,000 cases per day, it said in a statement issued here.
"Land has been acquired and construction has started at 3 of the new plants which will be located in Sri City in Andhra Pradesh, Varanasi in Uttar Pradesh and Vadodara in Gujarat. Manpasand Beverages is in the process of finalising the location for the fourth plant in eastern India," it added.

The four new plants would have a total production capacity of 2 lakh cases per day as against its current production capacity of 1.7 lakh cases per day.
"The fruit juice market across India has a huge potential for growth and is still considerably untapped. To meet the continual demand for our existing brands Mango Sip and Fruits Up and to introduce more new brands in futures, we are setting up four new manufacturing units to cover the key markets of India," Manpasand Beverages Chairman and Managing Director Dhirendra Singh said.
"With the Rs 500 crore raised through a qualified institutional placement (QIP) issue recently, we are well placed to fully fund these four new plants. Also, as we are close to debt free, we can resort to debt funding as and when required in future," he added.