Deccan Grainz sets up rice processing unit.

Hyderabad-based rice exporter, Deccan Grainz Private Limited, recently said it will be commissioning a rice processing unit with a monthly processing capacity of 5,000 metric tonnes (MT) in Telangana.

The processing plant, located at TSII General Park, Sultanpur, has been set up at an investment of Rs. 15 crore and will create 60 direct jobs. Established in 2012, the company, which procures rice through contract farming and other sources, has exported rice worth Rs. 500 crore to various countries so far. In FY21, Deccan Grainz exported 10,000 MT rice. The company is aiming at doubling its export revenues from Rs. 50 crore in FY21 to Rs. 100 crore in FY22. Besides, the company is also planning to enter the domestic rice market with its premium rice varieties and eyeing Rs. 100 crore revenues in this FY.

TOI