RSE COVID Parag

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Parag Milk Foods Limited (‘Parag’ or ‘the Company’), established in 1992, is one of India’s largest dairy companies, catering to major cities in the country with a strong presence in Western and Southern India. It has a milk processing capacity of upto 3,500,000 litres per day (“LPD”) - 2,000,000 LPD at Manchar, Maharashtra, 1,400,000 LPD at Palamner, Andhra Pradesh and 100,000 LPD at Sonipat, Haryana. The Company has a well-diversified product portfolio ranging from liquid milk to value added products like UHT milk, cheese, butter, ghee (clarified butter), paneer (cottage cheese), yoghurt, curd, lassi, flavored milk, dairy whitener and milk powder, sold under the brands ‘GO’, ‘Gowardhan’, ‘Top Up’, ‘Avvtar’ and ‘Pride of Cows’, with value added products being > 65% of sales.This project is linked to Parag Dairy (#33134): https://disclosures.ifc.org/#/projectDetail/SII/33134IFC committed INR 2.3 billion (approximately US$31 million) to Parag on December 17, 2020 in the form of non-convertible debentures to support the Company’s working capital needs and long term capex plans.