Andrew Yule postpones decision to set up two bought leaf factories in Assam, WB
- Country:
- India
Diversified PSU Andrew Yule and Company has deferred its plan to set up its bought leaf factories in Assam and West Bengal, a source close to the development said. "For the time being, we have postponed the decision to set up two bought leaf factories, one each in West Bengal and Assam. There is a lot of re-planning being done at the moment", the source told PTI.
The PSU had been buying bought leaf from others as there was no surplus production capacity due to intense uprooting and rejuvenation, the source said. The first factory was supposed to come up at Sibsagar district in Assam at Sibsagar followed by the other in north Bengal with a production capacity of one million kilograms per annum in each of them.
Earlier, the decision to set up bought leaf factories was based as it was one method to straightaway boost two million kilograms production per year which would add both to the topline and the bottomline. "Since company is owned by the government, there are many restriction on operations and this appeared to be the convenient way to raise production volumes", the source said.
The present production capacity was around 12 million kilograms per annum. The tea division of the company contributed to 55 per cent of the total turnover, the source said, adding additional production of one million kilograms would add Rs 15 crore to Rs 20 crore to the topline. Andrew Yule was having two other operating divisions, namely engineering and electrical.
(With inputs from agencies.)
- READ MORE ON:
- The Source
- Point source
- River source
- Assam Rifles
- West Bengal
- West Bengal Police
- Government of West Bengal
- The Talent Factory
- Talent Factory
- Brand Factory
- The Others
- The Pizza Company
- Noodles & Company
- Kjell & Company
- Government Gateway
- Government of India
- Government of Canada
- source
- Andrew Yule and Company
- Assam
ALSO READ
Son of former Punjab minister arrested for heroin possession in Shimla along with 4 others
DMK a family company, impeding growth of state's youth with its old mindset: PM Modi in TN rally.
Reliance Infra says SC imposed no liability on company
US-based Sloan Valve Company to launch its first flagship experience center in India
Margot Robbie's production company LuckyChap brings new film project based on classic board game Monopoly