Hatsun Agro begins production at its new facility in Maharashtra

February 26, 2021

CHENNAI — Dairy products maker Hatsun Agro has commenced commercial production at its new facility in Maharashtra set up at a cost of ₹130 crore, the company said on Thursday.

The fully automated dairy plant has been set up on 72-acre land in Solapur district and can process six lakh litres of milk per day, the Tamil Nadu-based company said.

Hatsun Agro at the facility would manufacture milk, curd, buttermilk, lassi, yoghurt and shrikhand and it would also retail under its popular brands ‘Arokya’ and ‘Hatsun’.

With the latest facility, the milk processing capacity stands at 52.50 lakh litres per day across its manufacturing locations in five states.

The Maharashtra’s facility is aimed at generating 3,000 direct and indirect employment opportunities and would also generate income to around 90,000 dairy farmers in Maharashtra.

With the new facility’s commencement, Hatsun Agro aims to expand its retail network in Maharashtra and Goa.

“Maharashtra is a versatile state offering excellent growth opportunities for the dairy industry and Hatsun Agro envisages the plant to strengthen its foothold, and provide a gateway of further growth in western region,” company chairman RG Chandramogan said.

“We see a robust demand for dairy products and we are glad to bring our quality dairy products to lakhs of households in Maharashtra,” he said.

The company at the facility also has set up a water pond to harvest rainwater to the tune of 1.25 crore litres, making it a first in the region that can be treated and utilised for multiple purposes, the company said.

Hatsun Agro gains on starting commercial production at new Maharashtra plant

Capital Market

CHENNAI — Hatsun Agro Product rose 1.99% to Rs 726 after the company announced commercial production at its newly set up modern greenfield dairy processing plant in Solapur, Maharashtra.

The plant is the 19th manufacturing location for Hatsun Agro Products (HAP) that has a network of plants in four states of Tamil Nadu, AP, Telangana and Karnataka. The fully automated dairy plant is set up in 72 acres of land at a cost of Rs 130 crore in Solapur district in Maharashtra. The plant has specialized imported equipment from Germany to process 6 lakh litres milk per day (LLPD).

The company will manufacture milk, curd, buttermilk, chaas, lassi, yoghurt and shrikhand at the new plant. Hatsun Agro will market these products under brand names – ‘Arokya’ and ‘Hatsun’. The total milk processing capacity of the company now stands at 52.50 LLPD across all its manufacturing locations in 5 states.

The company further intends to expand its retail network through launch of more ‘HAP Daily’ outlets in various towns of Maharashtra & Goa.

Hatsun Agro Products’ standalone net profit surged 141.4% to Rs 67.32 crore on 4.1% rise in net sales to Rs 1,394.59 crore in Q3 December 2020 over Q3 December 2019.

Hatsun Agro Product is a leading private sector dairy player in India. Its products are exported to 38 countries around the world. 

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