Kovilpatti Lakshmi Roller Flour Mills Limited announced that its Board of Directors, based on the recommendation of the Audit Committee, has approved a capital expenditure of up to ₹45 crore for modernization and expansion of its Foods Division unit at Gangaikondan, Tirunelveli.
The investment will be used to increase the flour milling capacity at the facility by 140 MT, taking the total installed capacity from the current 200 MT to 340 MT. The expanded capacity is expected to be operational by October 2026.
The company, which currently operates at a 91% capacity utilization, said the expansion is aimed at meeting the growing demand in the market. The project will be financed through a mix of term loans and accumulated reserves.