Gold Drop To Set Up `500 Cr Plant In Ap

[phani41]

Hyderabad: City-based Lohiya Group, which markets edible oils under Gold Drop brand, is planning to set up a new manufacturing facility at Krishnapatnam in Nellore district with an investment of Rs 500 crore.

 

“We are waiting for land allocation from the Andhra Pradesh government. Once that happens, we will commence construction of the plant in phases. We will invest Rs 100 crore in the first phase and the entire plant will come up in five years,” Mahaveer Lohiya, Managing Director, Lohiya Group, told media here on Wednesday.

 

The company, which is celebrating its 25th year now, has launched its products in the fresh packaging. “Gold Drop continues to be the number one choice in Andhra Pradesh and Telangana. Over the years, consumer trends have changed. 

 

Gold Drop with its new contemporary look is now future ready,” he said. We have invested in modernizing our plants, using world-class technology to make Gold Drop a premium product. Consumers have appreciated this and helped us retain our position over the last 25 years, he added