Hatsun completes acquisition of cattle-feed plant Madhur Pashu Aahar.

Chennai-based dairy firm Hatsun Agro Product Ltd. (HAP) has completed the acquisition of a cattle-feed plant, Madhur Pashu Aahar, located at Solapur, Maharashtra for a total of Rs. 10 crore including modernisation. 

The facility, with a total production capacity of l00 tonnes of cattle feed a day, will help HAP in expanding its feed business in the region.

Currently, HAP manufactures ‘Santosa’ brand of cattle feed and has a daily manufacturing capacity of 900 tonnes. With the acquisition, the total capacity of Santosa cattle feed has gone up to 1,000 tonne a day. 

R G Chandramogan, chairman and managing director, Hatsun Agro Product Ltd, said the company will modernise the Solapur plant with the latest equipment and upgrade the lab-testing facilities. 

The acquisition and subsequent modernisation will cost around Rs. 10 crore. A key reason for acquiring this factory is to save the transport cost of Rs. 2 per kg being currently incurred for transporting the feed from HAP's existing plant in Tamil Nadu all the way to Maharashtra.

BS