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DRRK Foods Invests ₹20 crores, Set to Expand its Rice Packing Unit Near Mundra



Posted On : 2024-10-22 14:44:29( TIMEZONE : IST )

DRRK Foods Invests ₹20 crores, Set to Expand its Rice Packing Unit Near Mundra

DRRK Foods, the manufacturer and marketer of Crown Basmati Rice is set to invest a significant amount of ₹20 crores to establish a state-of-the-art facility near Mundra port. This new facility will spread across 17 acres near Mundra Port and will boost the company's capacity to meet the growing global demand for high-quality rice exports. With the capacity to pack 350 metric tons of rice daily, the unit will be operational by February 2025.

This strategic location near Mundra port will ensure streamlined logistics for DRRK Foods' rice exports, positioning the brand to better serve international markets. The company's development marks a major milestone in the company's expansion efforts, reinforcing its commitment to providing high-quality rice with enhanced efficiency.

Amit Marwaha, the MD & CEO of DRRK Foods, says, "This investment showcases our dedication to expanding our operations and delivering excellence in rice exports. With a capacity of 350 metric tons per day, this facility will play a pivotal role in meeting the increasing global demand for high-quality rice. As a brand, we remain committed to innovation, growth, and excellence in every aspect of our business."

Apart from Mundra, the company is also planning a unit of around 600 metric tons per day for paddy capacity either in Haryana or Madhya Pradesh with a projected investment amount of ₹60-70 crores. This initiative will improve our rice production capacity, allowing us to expand in the domestic and international markets.

Source : Equity Bulls

Keywords

DRRKFoods CrownBasmatiRice Mundra