HyFun Foods to set processing plants in Gujarat to infuse Rs 850 crore
Frozen snacks maker HyFun Foods has plans to invest around Rs 850 crore to set up 3 plants in Gujarat to expand its business and achieve the target of Rs 5,000 crore annual revenue by 2028. The firm will also invest another Rs 150 crore to establish a water treatment plant in Gujarat as per a report of The Economic Times.
HyFun Foods is setting up 3 new plants in Mehsana for potato flakes, french fries, and potato specialty products. The investments of Rs 1,000 crore will be funded through internal accruals and bank loans.
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