Hatsun Agro plans to raise Rs 900 cr via QIP for multiple projects

Firm is setting up a number of milk and milk product units in Maharashtra, Tamil Nadu and Telangana

Hatsun Agro is planning to raise around Rs 900 crore through QIP. The Chennai-based dairy firm to seek shareholders' approval via postal ballot.

On Monday, the Board of Hatsun Agro Product at its meeting discussed the status of various capex projects for 2020-21. The projects include milk and milk products plant in Solapur, Maharashtra. The plant has been erected with a capacity to handle 400,000 litres per day (4 LLPD) and full-fledged commercial production is expected by November.

The milk products plant in Udhiyur, Dharapuram: The Company is also in the process of installing milk products manufacturing facility in Udhiyur in Tamil