Uttar Pradesh-based BL Agro, which mainly sells edible oils and processed food items, will invest Rs 3,000 crore to expand its business and achieve an aggressive target of growing its revenue 2.5 times to Rs 20,000 crore in the next five years.
In an interview with PTI, CEO Navneet Ravikar said the company would make these investments to fund expansion plans across various food categories like rice and milk.
BL Agro Group, which sells cooking oils under the brand ‘Bail Kolhu’ and processed food items under ‘Nourish’ and other brands, had a turnover of around Rs 8,000 crore in 2024-25 fiscal.
The Bareilly-based family-owned group has plans to invest around Rs 3,000 crore in the next five years on expansion of several projects, which include setting up a rice business along with milk. It will also set up a 360-degree value chain with manufacturing to processing unit, along with a feed processing and CBG (Compressed Bio Gas) units, he said.
As part of its growth strategy, the BL AgroUttar Pradesh-based BL Agro, which mainly sells edible oils and processed food items, will invest Rs 3,000 crore to expand its business and achieve an aggressive target of growing its revenue 2.5 times to Rs 20,000 crore in the next five years.
In an interview with PTI, CEO Navneet Ravikar said the company would make these investments to fund expansion plans across various food categories like rice and milk.
BL Agro Group, which sells cooking oils under the brand ‘Bail Kolhu’ and processed food items under ‘Nourish’ and other brands, had a turnover of around Rs 8,000 crore in 2024-25 fiscal.
The Bareilly-based family-owned group has plans to invest around Rs 3,000 crore in the next five years on expansion of several projects, which include setting up a rice business along with milk. It will also set up a 360-degree value chain with manufacturing to processing unit, along with a feed processing and CBG (Compressed Bio Gas) units, he said.
As part of its growth strategy, the BL Agro Latest News [ SOBAN NEWS: International and National ]
