MOU entered by Kwality Ltd with The Government of Jharkhand for Investment of Rs 100 crore in Milk and Milk Products

| Updated on April 27, 2015 Published on April 27, 2015

Kwality Ltd has informed BSE that Kwality Limited entered into a Memorandum of Understanding with "The Government of Jharkhand" for setting up a project of Milk and Milk Products at Ranchi with minimum investment of Rs 100 crore and Employment Generation would be from 300 to 500. The project is proposed to commence in Financial Year 2018-19. The same is subject to obtaining necessary permissions/registrations/approvals/clearances/etc. from the concerned departments of the State, as per existing policies/rules and regulations of the State Government.

In addition to investment of Rs 100 crore, it is also proposed that Kwality Limited will make investment towards Corporate Social responsibility (CSR) besides arranging skill upgradation/training of youths working population, running I.T.I./Polytechnic etc. in PPP or Private mode as per policy of the State Govt, or agreement arrived after mutual consent.

Source : BSE - www.bseindia.com

Published on April 27, 2015
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