Food Products sector projects by Gopinath Dairy Products Pvt Ltd in Mumbai
Project Information
5931
Gopinath Dairy Products Pvt Ltd
The company is in the process of setting up a composite plant for processing two lakh litres per day of raw milk into pasteurized milk and milk products such as cottage
cheese, curd and clarified butter to be sold under the brand name Reliance Dairy Life.
Procurement risk rests entirely with customer. Being
located in Turbhe (Navi Mumbai), the company will have location advantages like nearness to its key
market of Mumbai, organized transportation, easy availability of labour and other utilities.
The unit for the proposed plant measures about 1,268 square meters and is taken on 99 years sub lease from MIDC by the promoters. The dairy products processed by GDPPL will cater to the Mumbai and Navi Mumbai area, under exclusive buy back agreement with RDFL. The raw material is milk, which will be supplied to GDPPL by RFDL on daily basis; the title to the goods for raw material will remain with RDFL during all stages of processing and transport. RDFL has assured lifting and direct buying of milk from the farmers throughout the year. RDFL is expected to consistently supply the milk to the GDPPL throughout the year with minimum off-take guarantee per day. Technical manpower will be provided by RDFL. The plant design and sourcing of plant and machinery has been done as per RDFL specifications. As of March 2014, almost 80% of the civil work is completed and machinery order has been placed with Zuezer Engineers India Private Ltd, as per RDFL specifications.
The total cost for the project is estimated at Rs. 39.21 crore, which is planned to be funded by Rs. 26.56 crore term loan borrowings and Rs. 12.65 crore of equity, indicating leveraged project funding.
GDPPL has received Rs. 11.50 crore term loan from State Bank of India as on March 2014 and Rs. 5.77 crore as Share Application Money as January 2014. The company has so far incurred a capital expenditure of Rs. 17.27 crore, with balance capital expenditure to be incurred by August 2014. The
company expects commercialization of operations to begin from September 2014 onwards.
Project Value
INR 39.21 Crore /-
Pre Project Activities Underway
Mumbai
Maharashtra
India
Food Products
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