LT Foods Announces New Rice Facility in Karnataka with Rs. 6 Crore Investment
Filing Summary
LT Foods Ltd has announced the establishment of a new manufacturing facility in Raichur, Karnataka, focusing on regional rice varieties such as Sona Masoori and Kolam. The facility will have an initial production capacity of 30,000 metric tonnes annually. The project involves a capital expenditure of Rs. 6 crore, funded through internal accruals. Commercial production is anticipated to begin by February 2, 2026, pending necessary approvals. This development aligns with LT Foods’ strategy to enhance its supply chain for regional rice in South India.
LT Foods Ltd has announced the establishment of a new manufacturing facility in Raichur, Karnataka. This facility will focus on the production of regional rice varieties, including Sona Masoori and Kolam. The initiative is part of the company’s strategy to enhance its supply chain for South India’s preferred rice varieties and to engage with the formalizing regional rice market.
The project involves an estimated capital expenditure of Rs. 6 crore, which will be funded through internal accruals. The facility is designed to have an initial production capacity of 30,000 metric tonnes per annum. This investment reflects the company’s commitment to strengthening its value chain from sourcing to processing and delivering a consistent product experience to consumers.
The new facility in Karnataka will cater to one of India’s most vibrant markets for regional rice, both in terms of production and consumption. Karnataka is a significant producer of premium non-Basmati rice and has a large consumer base with a preference for regional specialties. Varieties such as Sona Masoori and Kolam are staples in South Indian households, with Sona Masoori also being popular in Andhra Pradesh, Telangana, and among the global Indian diaspora.
Commercial production at the Raichur facility is expected to commence around February 2, 2026, subject to the receipt of necessary statutory and regulatory approvals. This timeline is contingent on the completion of all required processes and approvals.
LT Foods Ltd is a leading global FMCG company in the consumer food space, specializing in specialty rice and rice-based foods. The company operates in more than 80 countries, including India, the U.S., U.K., Europe, the Middle East, and the Far East. Its flagship brands include DAAWAT® and Royal®, which are well-known in India and North America, respectively. LT Foods is committed to expanding its offerings to include organic food products, catering to future food preferences globally.