LT Foods Ltd announced plans for a new regional rice processing facility in Raichur, Karnataka, with an annual capacity of 30,000 metric tonnes at a capital expenditure of Rs 60 million. This expansion strengthens the company's position in premium basmati and specialty rice markets amid rising domestic demand.
Facility Expansion Details
LT Foods, known for brands like Daawat and Royal, is investing Rs 60 million (Rs 6 crore) to establish a state-of-the-art rice milling and processing unit in Raichur. The project targets regional rice varieties, enhancing supply chain efficiency and proximity to key sourcing areas in southern India. Commissioning is expected in phases, supporting the company's growth in value-added rice products.
Project Highlights
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New facility capacity of 30,000 metric tonnes per annum
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Capital expenditure totals Rs 60 million
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Located in Raichur for optimal regional rice procurement
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Focus on premium and specialty rice processing
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Aligns with LT Foods' 2 million tonne annual milling capacity goal
Strategic Benefits
The initiative bolsters backward integration, cost efficiencies, and market penetration in South India, complementing global exports and branded sales growth.
Sources: BSE Announcements, Company Filings, LT Foods Disclosures