Lt Foods Plans New Rice Processing Plant

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India’s LT Foods is planning to group up a new rice processing installation successful its home market.

In a banal speech filing, nan proprietor of nan Royal and Daawat basmati brands said nan caller tract will beryllium located successful Raichur, Karnataka.

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The plant, with an finance outlay of Rs60m ($670,215), is being designed pinch an first yearly capacity of 30,000 metric tonnes. 

It will process location varieties specified arsenic sona masoori, kolam and lachkari rice. 

Commercial operations astatine nan tract are scheduled to statesman successful February, taxable to statutory and regulatory clearances. 

Alongside nan capacity description , LT Foods reported double-digit maturation crossed cardinal financial indicators.  

For nan 2nd 4th of nan company’s 2026 financial twelvemonth – a three-month play that ran to 30 September – consolidated gross stood astatine Rs27.72bn, an summation of 30% compared pinch nan aforesaid play a twelvemonth earlier.

EBITDA roseate 24% to Rs3.16bn, while profit aft taxation for nan 4th was Rs1.64bn, up 9% YoY. 

In nan first half, LT Foods reported gross of Rs52.73bn, 25% higher than successful nan corresponding play of nan erstwhile financial year.  

EBITDA for nan six months reached Rs6.19bn, a emergence of 20% YoY and PAT for nan play was Rs3.32bn, besides 9% higher than a twelvemonth earlier. 

In October, LT Foods agreed to acquire 100% of Global Green Europe, a Hungary-based shaper of shelf-stable fruits and vegetables, to “further strengthen” its ready-to-heat and ready-to-eat business.

LT Foods operates manufacturing accommodation successful Europe successful nan Netherlands and nan UK. 

Global Green’s Hungarian business was established successful 2006 pursuing nan acquisition of Intergarden.  

From its 2 plants dispersed complete 45 acres successful Hungary, nan institution supplies much than 30 markets crossed Europe.  

Its merchandise scope includes canned sweetcorn and jarred gherkins, metallic tegument onions, peas and sour cherries.