Monday, Apr 29 2024 | Time 21:27 Hrs(IST)
image
Business EconomyPosted at: Feb 29 2024 11:21PM


MTR to expand its plant in Guntur in AP

Hyderabd, Feb 29 (UNI) Focusing on the Telugu states of Andhra Pradesh and Telangana, MTR Pvt. Ltd., a subsidiary of Norwegian conglomerate Orkla, is planning to expand its existing plant in Guntur, Andhra Pradesh, with an investment of Rs 30 crore.
Addressing a press conference here on Thursday on the occasion of the 100th anniversary of the company, Mr. Sunay Bhasin, CEO of MTR, said.
With an overall investment of 100 crores in Telangana and Andhra Pradesh in the last three years, MTR is deeply committed to strengthening its presence in this region.
Over the past century, MTR has witnessed the changing culinary landscape and adapted its offerings accordingly. From traditional masalas to ready-to-eat meals, MTR has aimed to maintain relevance across generations, he said.
Telangana and Andhra Pradesh stand as the second-largest and fastest-growing markets in India, he said.
By customizing the products to suit the regional palate, the brand has delivered the products that consumers admire. MTR’s Sambar Powder, Rasam Powder, Gulab Jamun Mixes, and now Rice Masala, a range of Podis, Masala Karam, and more are testament to the dedication to delivering flavors that resonate with the region, he said.
Mr. Sunay expressed, "Rather than adopting a one-size-fits-all approach, MTR places a strong emphasis on comprehending local nuances and customizing its products to fulfill the varied requirements of consumers. As we celebrate 100 years, we also celebrate our commitment and resolve to continue growing in Telangana and Andhra Pradesh."
As a part of the 100-year celebration, MTR will host the extravagant and loved food festival, "Telugu Ruchulu," featuring local chefs and celebrating the rich heritage and flavors of Telangana and Andhra Pradesh, he added.
UNI KNR GNK
Please log in to get detailed story.
Tags: #MTR to expand its plant in Guntur in AP
More News
Prashanth Nandella elected as president of HYSEA

Prashanth Nandella elected as president of HYSEA

29 Apr 2024 | 8:52 PM

Hyderabad, April 29 (UNI) Prashanth Nandella, Chief Operating Officer, Firstsource has been elected as the President of Hyderabad Software Enterprises Association (HYSEA), at the 32nd Annual General Body meeting, for the term 2024-26.

see more..

Mahindra launches XUV 3XO

29 Apr 2024 | 7:17 PM

Mumbai, April 29 (UNI) Mahindra & Mahindra Ltd., India's leading SUV manufacturer, on Monday launched the XUV 3XO.

see more..

Coromandel begins project work for Rs 1,000 cr Phosphoric, Sulphuric Acid plants in AP

29 Apr 2024 | 7:06 PM

Chennai, Apr 29 (UNI) Coromandel International Limited, India’s leading agri solutions provider,
has commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility
at Kakinada in Andhra Pradesh.

see more..

29 Apr 2024 | 7:05 PM

New Delhi, April 29 (UNI) KPIT Technologies, an independent software integration partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, on Monday announced about 5.8 per cent jump in net profit at Rs 164.4 crore during Q4 (January-March) period of financial year 2023-24.

see more..

29 Apr 2024 | 6:46 PM

New Delhi, April 29 (UNI) Non-banking finance company Poonawala Fincorp on Monday said it has registered a 25 per cent jump in net profit at Rs 332 crore during Q4 (January-March) of FY 2023-24.

see more..
image