Modern Dairies Limited

completed

_x000C_Modern Dairies Limited (Modern Dairies or the company), a dairy company based in the state of Haryana (Northern India), is undertaking a 4-year investment program to expand its milk sourcing activity and to increase processing capacity for further processed dairy products such as Casein. As part of the project, the company has already successfully commissioned plant to produce 9000 MT of Casein per annum with other by-products like WPC, Lactose and Pure Ghee. The company now plans to conduct the second phase of its investment program, comprising of: - Expanding its milk supply network of farmers in the vicinity of the processing plant, - Finalizing the implementation of its production line of nutritional products, - Modernizing its current operations to manufacture new products and achieve higher productivity, - Installing a 3.5 MW rice husk based power plant for captive electricity supply, and - Financing working capital needs.