Manpasand Beverages Ltd has decided to expand its operations in an ambitious manner by making fresh investments to the tune of Rs 1,500 crore in the next couple of years.
Speaking to reporters, the company’s chairman and managing director Dhirendra Singh, said, “Our 10-year agreement with Parle-G would increase our reach from the existing six lakh outlets to 66 lakh outlets. We now plan to double our production capacity to four lakh boxes per day (each carrying 24 pieces) by setting up new plants.”
He said the company currently has six plants—three in Vadodara and one each in Ambala, Varanasi and Dehradun. The three new plants will come up at Varanasi, Sri City and Bhubaneswar.
Manpasand has so far invested nearly 600 crore on these plants. Its fresh investments will be on the plants to be set up in key states at an investment of 150 crore each and mega-plants that are planned at Vadodara, Varanasi and Sri City in Andhra Pradesh.
Image Credit : static-news.moneycontrol.com