Britannia to invest over Rs.200 crore in new plants

Food products maker Britannia Industries Ltd is planning a total investment of more than Rs 200 crore this fiscal for setting up two plants in Orissa and Bihar, a top company executive said on Saturday.

Updated on: Jul 2, 2011, 22:00:27 IST

IANS | By HT Correspondent, Kolkata

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Food products maker Britannia Industries Ltd is planning a total investment of more than Rs 200 crore this fiscal for setting up two plants in Orissa and Bihar, a top company executive said on Saturday.

"We have done well across all segments, not just in biscuits but in cakes, bread and dairy. Last year, Britannia grew 22 percent in revenue and 30% in terms of profit. We want to be on growth track this year too. The company is planning an overall investment of more than Rs.200 crore this fiscal,” said Vinita Bali, Britannia managing director, on the sidelines of FICCI’s national executive committee meeting here.

”This will include investments for its upcoming plants in Orissa and Bihar and also the expansion works at its Taratala plant in West Bengal,” she said.

The firm was planning to start production at its upcoming manufacturing facilities within a year, Bali stated.

“We are growing at 25% year-on-year in West Bengal. Our dairy products are doing well in the state,” she added.

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