Targeting a top line (gross revenue) of ₹1,500 crore, specialty dairy and poultry feeds and feed supplements manufacturer Anil Nutrients Ltd (ANL) on Thursday announced to invest ₹700 crore over the next four years to add capacities.
The ongoing first phase of the project, in which a new manufacturing facility is being set up at Savli near Vadodara at an investment of ₹135 crore, is expected to be completed by June 2015, said Amol Sheth, Chairman and Managing Director.
In the second phase, it plans to invest ₹250 crore. “We have tied up funds in the debt-equity ratio of 2:1.” The Gujarat-based company, part of the ₹1,200-crore Anil Group, currently has manufacturing facilities at Chanasma and Sokhda in the State. On a turnover of ₹200 crore in 2013-14, ANL’s net profit stood at ₹8 crore. After the first phase, it expects to increase the top line to ₹500 crore per annum with a net profit of ₹25 crore, he said.
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