Himalaya Food rebuilding french fries business to add Rs 700 cr in top-line ...Middle East

Economy by : (Business Standard) -
Himalaya Food International, a player in the frozen and canned food processing segment, is rebuilding and reviving its french fries business, the company's chairman said on Monday. The company is in the process of installation of the 50,000 tonnes per annum french fries line and 12,000 tonnes potato speciality line, which it targets to complete by December 2023 to catch up with the potato season starting March 2024. "These lines have the potential to add Rs 700 crore to the top-line at full capacity," said Himalaya Foods International Ltd (HFIL) chairman Man Mohan Malik in a letter addressing shareholders. HFIL earlier had a joint venture (JV) with Simplot USA. It has a dispute with the JV p

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