India's Parag Milk Foods rises on $10.4 million capacity expansion
22/09/2026 08:22
BUZZ-India's Parag Milk Foods rises on $10.4 million capacity expansion ** Shares of India's Parag Milk Foods PAMF.NS rise 2.5% to 278.35 rupees
** Food processing co plans to invest 1 billion rupees ($10.44 million) to expand its paneer (Indian cottage cheese)production capacity from 20 metric tonnes/ day to 80 metric tonnes/day** Co says expansion will be carried out in Manchar plant in Maharashtra and Palamaner plant Andhra Pradesh
** Co expects expanded facilities to be commissioned by June 2027
** Investment is aimed at expanding co's presence in high-growth value-added categories, strengthening flagship brands and developing innovative products
** Stock down 3.82% YTD
($1 = 95.8150 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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