Modern Dairies Limited

completed

Modern Dairies Limited (Modern Dairies or the company), a dairy company based in the state of Haryana (Northern India), is undertaking a $46.4 million expansion plan to expand its milk sourcing directly from farmers and increase processing capacity for value added dairy products. As part of this expansion, the company has already successfully increased its milk processing capacity at its plant near Karnal, Haryana from 0.5 million to 1.5 million liters of milk per day (lpd). The company now plans to: - expand its milk supply network from farmers in the vicinity of the processing plant, - increase its production capacity of nutritional products, - install a 3.5 MW biomass based power plant for captive electricity supply, and - finance working capital needs. The capacity expansion for the nutritional products will be done at the company’s existing facilities in Karnal.