Dodla Dairy Ltd acquires 35.23 acres land in Maharashtra for its Expansion Plans

Dodla Dairy Ltd. (BSE - 543306, NSE - DODLA, ISIN: INE021001019), one of India's leading integrated dairy companies, has announced that it has completed the acquisition of a land parcel admeasuring 35.23 acres at Itkal Village, Dharashiv District, Maharashtra. The company has a strong procurement setup in the state and this land acquisition is a step forward towards setting an integrated plant for the surrounding Solapur district.

Commenting on the performance, Managing Director of Dodla Dairy, Mr. Dodla Sunil Reddy said, "We are pleased to announce this land acquisition as it will help us enhance our foothold in the state of Maharashtra, a crucial geography from our supply chain perspective. At present, Dodla is procuring 2 lakh litres per day milk from Maharashtra which is processed in our plants at Telangana and Andhra Pradesh.

We intend to establish an integrated plant equipped with condensing as well milk powder making capabilities. With the addition of this capacity and capabilities, we will be able to improve our operational efficiency and expand our VAP portfolio."

Shares of Dodla Dairy Limited was last trading in BSE at Rs. 1291.15 as compared to the previous close of Rs. 1297.75. The total number of shares traded during the day was 1555 in over 222 trades.

The stock hit an intraday high of Rs. 1296.95 and intraday low of 1265.00. The net turnover during the day was Rs. 1989262.00.

Source : Equity Bulls

Keywords

DodlaDairy LandAcquisition Maharashtra ExpansionPlan