Parag Milk Foods gains on plan to quadruple paneer capacity to 80 MT/day
Mumbai, Sept. 22 -- The company plans to invest approximately Rs 100 crore in the expansion, which will be undertaken at its facilities in Manchar, Maharashtra, and Palamaner, Andhra Pradesh. The expanded facilities will manufacture both regular and high-protein paneer and are expected to be commissioned by June 2027.
Value-added products contribute more than 90% of the company's turnover, with paneer being one of its flagship categories. The company said its paneer business has grown 28% over the past two years. Its branded paneer has a shelf life of up to 75 days without preservatives, supported by its manufacturing and packaging technology.
The company said that demand for paneer is shifting from unorganised to organised players, whi...
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