Dhunseri Ventures to focus on confectionery business
March 09, 2021
To also concentrate on tea business in India and Africa
Following exit of the Kolkata-based Dhanukas of the Dhunseri group from the restaurant business in India, Chandra Kumar Dhanuka, Chairman, Dhunseri Ventures Ltd, has said that the focus now is “on growing the cakes and confectionery vertical in Singapore”.
Dhunseri operates in the segment through a wholly-owned subsidiary, Twelve Cupcakes Pte, where it had acquired a majority stake in 2017 as a part of its diversification exercise. Twelve Cupcakes is expected to generate profits for FY21 (to be included in consolidated results of Dhunseri Ventures) and is expected to have a topline contribution of ₹65-70 crore (Singapore $12-13 million).
Dhunseri Ventures plans polyester packaging unit in West Bengal
March 05, 2021
To invest over over ₹400 crore The Kolkata-based Dhanuka family-promotedDhunseri Ventures, formerly Dhunseri Petrochem, will invest over ₹400 crore to set up a polyester packaging unit in West Bengal.
While approximately ₹160 crore of the investment will be funded through internal accruals, the remaining portion will be debt-financed, which includes bank loans.
The company had already incorporated a fully-owned subsidiary, Dhunseri Poly Films Private Limited, on November 28, for implementation of the new project to make polyester films or BoPET (biaxially-oriented polyethylene terephthalate made from stretched PET) with an annual capacity of 45,000 tonnes. The machinery has been ordered from Germany.
Poll heat on Assam tea gardens telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.