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ASSAM: FMCG firm Dabur announced setting up of a Rs 250-crore facility at Tezpur in Assam. This they announced after reporting a 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for January-March period.
In a BSE filing, the Company said "In order to meet the growing demand for products of the company, the Board of Directors of the company in its meeting held on April 28, 2016, has approved a capex of Rs 250 crore for setting up a manufacturing plant at Tezpur, Assam which shall be financed through Internal Accruals."
The plant is likely to commence operations in 2017.
The company said it will leverage its strong herbal heritage and product portfolio to take advantage of the growing consumer preference for natural and Ayurvedic products.