Milkfood Sells Moradabad Plant for Rs 130 Crore, Cuts Debt
Business
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Moneycontrol•21-01-2026, 19:27
Milkfood Sells Moradabad Plant for Rs 130 Crore, Cuts Debt
- •Milkfood Ltd. sold its Moradabad dairy plant for Rs 130 crore, generating a net cash inflow of Rs 116.11 crore after taxes.
- •The sale resulted in a net profit of Rs 78.04 crore on land and Rs 7.54 crore on buildings, with no loss on plant and machinery.
- •A significant portion of the proceeds, Rs 75 crore, will be used to repay debt, reducing annual finance costs by Rs 9.25 crore.
- •The company expects annual savings of Rs 8.5 crore in plant-related overheads, totaling Rs 17.75 crore in combined annual benefits.
- •Milkfood plans to invest in new capacities like ice-cream manufacturing and expand in cheese and butter segments, aiming for Rs 750 crore turnover by FY27.
Why It Matters: Milkfood's sale of its Moradabad plant significantly reduces debt and funds future growth initiatives.
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