💨 Abstract

Milk Food Ltd, a well-known dairy company, has announced the sale of its 21-acre Moradabad plant land for INR 140-150 crore. The land is to be developed into a residential colony, marking a significant step in the city's urban expansion plans. The proceeds will be used to venture into the ice cream market and expand into cheese and butter production.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖