Agro Dutch to invest Rs 100 crore for expansion
06 Jul 2005
Mumbai: Agro Dutch Industries is investing Rs100 crore towards capacity expansion according to a notice sent to the BSE.
The expansion to be completed within 12 months will be funded through the company's internal accruals.
The company is also tying up with DEG Germany, which will invest €5 million for the expansion and modernisation of the unit.
The
company is setting up a an IQF (individually quick freezing)
plant as part of its expansion plan as it wants to diversify
its product range to frozen mushrooms.
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