We are committed to our goal of achieving Rs 2,000 crore of revenue by FY2022 and believe all the capex projects will play a key role in helping us reach this milestone.
The company had reported revenue of Rs 771.90 crore in financial year 2019-20.
Hindustan Foods said the new facility is part of the company's consolidated plans to expand its footprint in contract manufacturing space for the FMCG products.
The subsidiary will set up a food and beverages manufacturing facility for a leading FMCG brand, the company said, adding that the work for the said facility will commence from the last quarter of the current fiscal.
The commercial production is expected to begin from Q4FY22, Hindustan Foods said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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