financetom
Business
financetom
/
Business
/
Dabur commences construction of Rs 550 crore manufacturing facility in Madhya Pradesh
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dabur commences construction of Rs 550 crore manufacturing facility in Madhya Pradesh
Jun 23, 2021 7:05 AM

FMCG major Dabur India Ltd on Wednesday said it has commenced construction of its largest manufacturing facility near Indore in Madhya Pradesh. Being set up with a phased investment of around Rs 550 crore, this new unit would manufacture a range of Dabur's food products, ayurvedic medicines, and health supplements, Dabur said in a regulatory filing.

Share Market Live

NSE

Dabur said the first phase of construction of this new facility which has been planned under the Mega Projects Scheme of the Madhya Pradesh government as well as the Central Government's Production-Linked Incentive (PLI) scheme is scheduled for completion by the end of 2021-22 financial year. Located in the SMART Industrial Park near Indore, this unit will provide direct cum indirect employment to around 1,250 people initially and over 3,000 people at the end of the final phase.

"This project is the largest single investment by Dabur in the state of Madhya Pradesh and is a clear commitment on our part towards promoting the traditional science of Ayurveda... This new facility will provide us the space needed to rapidly expand our production capacity to not only satisfy the growing demand for Ayurvedic products and medicines but also develop and launch innovative food products for the future," Dabur India Limited Chief Executive Officer Mohit Malhotra said.

Malhotra said the new factory is a step forward towards strengthening the company's position as the world's largest ayurvedic products and medicines manufacturer and a market leader in the Indian foods and beverages category.

A ground-breaking ceremony was organised at the site, which was attended by Dabur India Ltd. Executive Director-Operations Shahrukh A Khan and senior officials from the state government.

(Edited by : Priyanka Deshpande)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Teradata Q1 Non-GAAP Earnings, Revenue Fall; 2024 Outlook Maintained; Shares Drop After Hours
Teradata Q1 Non-GAAP Earnings, Revenue Fall; 2024 Outlook Maintained; Shares Drop After Hours
May 6, 2024
05:41 PM EDT, 05/06/2024 (MT Newswires) -- Teradata ( TDC ) reported Q1 non-GAAP earnings late Monday of $0.57 per diluted share, down from $0.61 a year earlier. Analysts polled by Capital IQ expected $0.55. Revenue in the quarter ended March 31 fell to $465 million from $476 million a year earlier. Analysts surveyed by Capital IQ expected $463.9 million....
Apple Hospitality REIT Q1 Modified Funds From Operations Remain Flat, Revenue Rises
Apple Hospitality REIT Q1 Modified Funds From Operations Remain Flat, Revenue Rises
May 6, 2024
05:39 PM EDT, 05/06/2024 (MT Newswires) -- Apple Hospitality REIT ( APLE ) reported Q1 modified funds from operations Monday of $0.34 per diluted share, same as a year earlier. Analysts polled by Capital IQ expected FFO of $0.34. Revenue for the quarter that ended March 31 was $329.5 million, up from $311.5 million a year earlier. Analysts surveyed by...
Ncino Insider Sold Shares Worth $310,365, According to a Recent SEC Filing
Ncino Insider Sold Shares Worth $310,365, According to a Recent SEC Filing
May 6, 2024
05:41 PM EDT, 05/06/2024 (MT Newswires) -- Sean Desmond, Chief Product Officer, on May 02, 2024, sold 10,205 shares in Ncino ( NCNO ) for $310,365. Following the Form 4 filing with the SEC, Desmond has control over a total of 376,778 shares of the company, with 376,778 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000105/xslF345X03/wk-form4_1715031326.xml ...
--ONE Gas Keeps Quarterly Dividend Steady at $0.66 per Share, Payable June 4 to Shareholders of Record on May 20
--ONE Gas Keeps Quarterly Dividend Steady at $0.66 per Share, Payable June 4 to Shareholders of Record on May 20
May 6, 2024
05:40 PM EDT, 05/06/2024 (MT Newswires) -- Price: 65.09, Change: +0.01, Percent Change: +0.02 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved