Dairy-product maker Hatsun Agro Product Ltd. (HAPL) is planning to set up two dairies in the eastern region as part of its expansion plans, said a top official.
“Today, our board has given approval for setting up two dairy plants,” said H. Ramachandran, CFO.
“Details such as size of the plant, total investment and the time frame of their execution will be announced in a month’s time. We have to get sizeable chunk of land in these places to set up the plants.”
The ₹5,317-crore firm has a strong presence in the South and in Maharashtra.
“The new dairies are likely to come up north of Andhra Pradesh and in Odisha, at a distance of about 150 km. This would enable us to serve the eastern region up to Kolkata,” he said.
HAPL’s board also approved the signing of a share purchase agreement with solar power company Swelect Sun Energy Pvt. Ltd.
The two companies would set up a 16 MW solar power project.
“Basically, this agreement is for the purchase of solar power for captive use in Tamil Nadu,” he said.