LT Foods plans new rice processing plant

India’s LT Foods is planning to set up a new rice processing facility in its domestic market. In a stock exchange filing, the owner of the Royal and Daawat basmati brands said the new site will be located in Raichur, Karnataka. The plant, with an investment outlay of Rs60m ($670,215), is being designed with an initial annual capacity of 30,000 metric tonnes. It will process regional varieties such as sona masoori, kolam and lachkari rice. Commercial operations at the site are scheduled to begin in Feb ...