Anil Nutrients to invest Rs. 700 crore in four years.

Targeting a top line (gross revenue) of Rs. 1,500 crore, specialty dairy and poultry feeds and feed supplements manufacturer Anil Nutrients Ltd. (ANL) recently announced to invest Rs. 700 crore over the next four years to add capacities.

The ongoing first phase of the project, in which a new manufacturing facility is being set up at Savli near Vadodara at an investment of Rs. 135 crore, is expected to be completed by June 2015, said Amol Sheth, Chairman and Managing Director.

In the second phase, it plans to invest Rs. 250 crore. 'We have tied up funds in the debt-equity ratio of 2:1.' The Gujarat-based company, part of the '1,200-crore Anil Group, currently has manufacturing facilities at Chanasma and Sokhda in the State. On a turnover of Rs. 200 crore in 2013-14, ANL's net profit stood at Rs. 8 crore. After the first phase, it expects to increase the top line to Rs. 500 crore per annum with a net profit of Rs. 25 crore, he said.


HBL