Nature Bio Foods, an organic business arm of LT Foods, has launched a new facility in Uganda. The plant will process soyabean meal and contribute to the expansion of product portfolio which includes sesame seeds, chia seeds, and sorghum. The initial production capacity of the plant is 10,000 tonnes and it aims to increase it to 18,000 tonnes by 2024.
Nature Bio Foods, an organic business arm of LT Foods, has launched a new facility in Uganda. The plant will process soyabean meal and contribute to the expansion of product portfolio which includes sesame seeds, chia seeds, and sorghum. The initial production capacity of the plant is 10,000 tonnes and it aims to increase it to 18,000 tonnes by 2024.
The Nifty ended 108 points higher at 19,754 on Monday, while the Sensex advanced by 367 points. Outperforming its broader counterparts, the Nifty Midcap 100 reached a new intraday record high
LT Foods, the consumer food company, witnessed a 44% rise in consolidated net profit to INR 137.44 crore ($18.5m) in Q1 FY2022 due to better margins. The total income in the June quarter reached INR 1,778.07 crore, up from INR 1,611.10 crore in the year-ago period, while expenses increased to INR 1,621.91 crore from INR 1,490.52 crore.