Britannia to build Rs 1,000-cr plant in Maharashtra

Britannia scrip rose 4.96% to close at Rs 4,107.35 on the BSE

In the past 98 years of its history, biscuits major Britannia Industries Ltd (BIL) is coming up with its largest plant ever in Ranjangaon in Maharashtra where investment of Rs. 1,000 crore over a 2-year period will be made which will make the company less dependent on outsourced manufacturing of its products.

"We have already acquired 96 acres for this project and have applied to the government for another 48 acres", the company's managing director, Varun Berry said here after BIL's annual general meeting (AGM).

To be completed in the next 1-2 years in phases, the 0.12 million tonne (mt) annual capacity