Parag Milk Foods Limited Raises Rs 131 cr


Food news 

Food news in India


A main dairy-FMCG organization in India, Parag Milk Foods Limited, has reported that it has raised a sum of Rs 131 crore through special designation from marquee financial backers and advertisers. Financial backers have placed in around Rs 113 crore, exhibiting their confidence in the organization's ethos, values as well as a promising development procedure. Moreover, the advertisers will likewise contribute Rs 18.75 crore.

Devendra Shah, executive, Parag Milk Foods Ltd, said, "We have conveyed a vigorous Q1 execution with a 57.6% Y-o-Y expansion in income; outperforming our inside development targets both regarding volume and worth. The general development is wide based and driven areas of strength for by across the entirety of our verticals. As we go into the bubbly season, the interest energy for dairy items proceeds to speed up and every one of our brands are seeing a flood in the in general offtake. This gather pledges comes at a helpful opportunity to empower us to meet our extended working capital need to benefit from interest potential and make ready for a productive business ahead."


He added, "We are happy by the trust and conviction shown by the marquee financial backers in the business and are appreciative to our current investors for their proceeded with help. The ongoing returns of particular offers and warrants would be used to subsidize our drawn out capital prerequisites and to upgrade the functioning capital requirements. This will help with additional reinforcing our monetary record and drive the organization for sped up development ahead."


Download Food Magazine- https://fmtmagazine.in/current-issue-register/

Download monthly Food magazine 
Location: India

Comments

Post a Comment

Popular posts from this blog

Shrink Wrap Packaging And How To Use It? - FMT Magazine

Image
  Shrink wrap packaging is a process in which a product is packaged in a heat-shrinkable plastic film. The film is typically made of PVC, polyolefin, or polyethylene and is placed over the product and then subjected to heat, causing the film to shrink and tightly conform to the product's shape. This type of packaging is commonly used to secure and protect items such as food, books, software, and other consumer goods. The use of shrink wrap packaging has become increasingly popular in recent years due to its numerous benefits, which include improved product appearance, protection against dust, moisture, and tampering, and increased shelf life for perishable items. One of the main benefits of shrink wrap packaging is its ability to improve the appearance of a product. The clear plastic film provides a glossy, professional look that can attract the attention of customers and enhance the overall appeal of a product. The use of shrink wrap packaging also provides a layer of protect
Read more

The Benefits of Vacuum Pack Cooked Food | How to vacuum Pack Cooked Food - Fmtmagazine

Image
Vacuum pack cooked food is a great way to extend the shelf life of cooked foods. Vacuum packing removes the oxygen from the package, preventing bacteria from growing. This means that cooked food can be stored longer, saving time and money. Vacuum packing also helps to keep food fresh and flavorful, making it a great way to store leftovers.  Vacuuming your cooked foods is also a great way to save space in the refrigerator or freezer. How to vacuum pack cooked food | Fmtmagazine 1. Allow your cooked food to cool completely.  2. Place the food in a vacuum-sealable bag, leaving enough room for air to be removed.  3. Remove as much air from the bag as possible by pressing the sides of the bag together and squeezing out the air.  4. Seal the bag using the vacuum sealing machine.  5. Place the sealed bag in the refrigerator or freezer to store. Benefits   of Vacuum Packaging  | Fmtmagazine Due to its various advantages, vacuum packaging is a widely accepted method in food packaging such as: P
Read more

Is there Bugs in Peanut Butter ?

Image
  I was pondering, are there bugs in peanut butter? Is it protected to eat? Peanuts are normally inclined to aflatoxin (a kind of mycotoxin) creation during dry season pressure, in this manner turning foul. Aflatoxins are cancer-causing agents that have been disconnected from numerous food varieties, including peanut butter. They are hard to eliminate by any business handling technique, permitting them under the FDA at low focuses. These poisons might be breathed in or ingested orally, in any event, while devouring peanuts that don't taste or smell "rank." According to the Food Allergy Network, nut sensitivities have soar in western nations throughout the course of recent many years, and researchers accept these are around 1% of youngsters who presently show a response to peanuts. This isn't because of peanuts turning into any pretty much risky all alone however is somewhat possible the aftereffect of the above poisons remaining in numerous food varieties while being
Read more