"We are considering the proposal for acquisition. We are anyway expanding our operations in northern India, especially Punjab
and need more production facilities as our sales are increasing," R S Sodhi, managing director, GCMMF
told Business Standard
Currently, GCMMF has two smaller plants in Punjab that largely manufacture liquid milk, curd and buttermilk and is looking to expand capacity for the same in the state.
According to Heritage
Foods Ltd's filing with stock exchanges, the Bhambri plant in Punjab carries a net worth of Rs 21.10 crore and contributed 1.88 per cent or Rs 46.63 crore in terms of revenue from operations to the company's total Rs 2,482 crore turnover in fiscal year 2018-19.