Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 15, 2005 |
|
|
|
|
|
Agri-Biz & Commodities
-
Wheat Lakshmi Overseas to foray into wheat flour segment Dhimant Bhatt
Mumbai , April 14 LAKSHMI Overseas Industries Ltd is now entering into wheat flour segment. The company is one of country's largest integrated processors of non-basmati long grain white rice. It is setting up a wheat flour plant in its existing plant at Khamano near Chandigarh. "The order for plant and machinery will be placed shortly as we have already short-listed a leading Swiss company," Mr I.S. Gumber, Director, LOIL told Business Line. The new plant at the cost of Rs 8-10 crore is expected to begin operations by the end of this year. "The company is one of the major players in long grain white rice and is now entering into wheat flour segment. The company will market its new product under the brand name Lakshmi Foods," Mr Gumber said. The company has recently announced its Rs 150-crore expansion plan. LOIL has planned to increase its rice processing capacity by 1,000 tonnes per day to 3,100 tonnes at Khamano plant by September 2005. It will also increase its rice bran production from 200 tonnes to 400 tonnes per day, edible oil refining capacity from 30 tonnes to 60 tonnes a day and cattle feed capacity from 70 tonnes to 200 tonnes a day. The company will be able to process around one million tonnes paddy a year in 2006-07. It also plans to set up Rs 90-crore power plant of 24 MW in two phases spread over 2005-06 and 2006-07 of 12 MW each.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|