Business Update5 Apr 2024, 09:55 pm
Dodla Dairy Ltd Announces Purchase of New Land, Building & Machinery and Closure of Lease Plant
AI Summary
Dodla Dairy Ltd has announced the purchase of new land, building, and machinery in Dodderi Kaval, Karnataka, for a consideration of 6.5 Crores plus taxes. They also announced the closure of their lease plant in Tumkur, Karnataka, due to the lease period coming to an end. The lease plant contributed Rs. 34.38 Crores to the company's turnover during the last financial year. Dodla Dairy plans to start a 40,000 Liters own plant in place of the closed one.
Key Highlights
- Dodla Dairy Ltd purchased new land and machinery in Dodderi Kaval for 6.5 Crores
- The lease plant in Tumkur with a turnover of Rs. 34.38 Crores is being closed
- A new 40,000 Liters own plant is to be started