Tarai Foods Ltd

Tarai Foods Ltd

Promoted by G S Sandhu and associates Tarai Foods was incorporated on 2 Feb.'90 as a public limited company. It has facilities for processing and freezing vegetables and fruits (inst. cap. : 7200 tpa) at Fazilpur Mehrola UP.In Nov.'93 TFL came out with its initial public offering aggregating Rs 4.25 cr to acquire certain balancing equipment for its freezing plant with a pre-cooler a dicer an automotive packaging machine and two refrigerated vans. The company signed an MoU for marketing with the Hindustan Lever group of companies. Anticipating a growing demand for the American food in India TFL is launching Inland Valley frozen french fries. To ensure a regular supply of quality potatoes it plans to enter into agreements with farmers in the Rudrapur region Uttar Pradesh. It is also negotiating with Lambweston US a frozen foods major for a tie-up. The Company has put up facility for Virant (Separation) of Wheat and supply in 50 Kgs bags and also in bulk. In 1999-2000 the company has established itself in the consumer market by introducing small packs of its products i.e. frozen peas under the new brand name TARAI which is well received by the customers. Also the company has successfully diversified its operations in the area of Mushroom growing and processing. During 2001-02 the company was declared sick and rehabilitation package is underway under the supervision & guidance of IDBIwhich was appointed as operating agency by BIFR.