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Creamline Dairy plans to invest Rs 400 cr on expansion in next 3 yrs

Press Trust of India  |  New Delhi 

Agrovet today said its subsidiary firm Creamline Ltd (CDPL) plans to invest Rs 400 crore in three in Tamil Nadu, and Maharasthra over the next three years.

"...CDPL may plan to raise funds through debt or by way of public issue, if required, subject to necessary approvals," the company said in a regulatory filing.

The proposed expansion will increase the of the CDPL from 12 lakh litres per day to 15 lakh litres per day and help grow the share of value-added

CDPL had recently acquired a processing plant in Tiruenelveli, Tamil Nadu, and is in the processs of setting up another plant in Vishakhapatnam, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 19:30 IST