SGL invests in feed mill plant in Maharashtra

Mumbai, Jan 12 : Poultry player Suguna Foods Limited (SGL) has commissioned a 5 lakh ton capacity Upgraded Pellet Technology Feed Mill plant, expandable upto 7.5 lakh tons, in Maharashtra at Khadakjamb near Nasik, said the company in a media release on Sunday.

The Rs 100 crore investment has been funded by IDBI Bank.

The feed mill plant will be a catalyst for the development of poultry activities in the regions by facilitating the supply of high quality feeds for broiler, layers, and parent bird farms and other livestock, said Sundararajan GB, Managing Director-Suguna Foods Limited.

The project aims at satiating the farmers' feed needs thus largely supporting the farming community of Maharashtra, he said.

He said the plant is supposed to procure large quantum of maize and soya meal - an estimated amount of 3,00,000 tons and 1,50,000 tons respectively.

Coupled with this the list will include other agriculture commodities thereby creating a market for the produce of the state. The farmers too can depend on Suguna for right prices for their produce thus ensuring a major cut on distress selling during bumper crop seasons, said the company.

"Consumers on the other hand would benefit by getting quality protein at affordable prices" said Sundararajan.

The plant is reportedly deemed to create economic impetus in the regions through direct and indirect employments and livelihood for thousands.

With an already annual production of 3000 million broilers, India has emerged as the world's fifth largest poultry meat producing country which highlights the huge consumption by Indians.

With rising income levels, the consumption of poultry products and eggs are hopefully predicted to continue to rise, as hinted at by the authorities.

Sundararajan said: "This Modern Technology feed mill at Khadakjamb, is a fully automated process with Imported & Indigenous Machineries with steel silos, Godown facility for finished product & other ingredients and that the total plant will be operated from a Single Point through PLC control system."

"The finished product will be also handled automatically from bagging to loading," he said.

--IBNS (Posted on 12-01-2014)

business-india-news headlines

Tata Power rights issue oversubscribed two times

Cadbury India now named Mondelez India Foods

Strand Life to set up lab for genomics

Sensex, Nifty touch record highs

Sensex closes 136 points up; capital goods stocks gain

TCS, Mitsubishi to set up software services firm in Japan

Sensex gains 136 points; capital goods, metal stocks rise

Reliance Jio joins hand with ATC for tower-sharing

Rupee falls on dollar demand from oil importers

Reliance Insurance launches online life cover plan

Cadbury India changes name Mondelez India Foods

Reliance Jio partners ATC to use telecom tower

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top