According to the bank website, "The proposed investment will support Dodla to: (a) expand and upgrade its existing manufacturing infrastructure by purchasing new equipment for select processing plants; (b) fund its working capital needs; and (c) for general corporate purposes including marketing and brand building (the “Project”)."
According to IFC,Dodla Dairy was incorporated in 1995 and is one of the top three dairy companies in Southern Indian states of Telangana, Andhra Pradesh, and Tamil Nadu with a total capacity of approximately 1 million litres per day as of May 31, 2018. It also has a presence in Kenya and Uganda. It engages in the procurement, production, distribution and marketing of milk and milk products, comprising fresh milk, curd, butter, paneer (cottage cheese), flavoured milk, milk sweets among others.
The Company is promoted by Dodla Sesha Reddy and his son Dodla Sunil Reddy, who each have over 20 years of experience in the dairy industry. The family collectively owns approximately 70% of the Company.
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Dodla Dairy Limited
Mr. Hemanth Kundavaram
Chief Financial Officer
+91 40 4546 7777
# 8-2-293/82/A, 270/Q, Road No 10-C, Jubilee Hills, Hyderabad, Telangana – 500 033.
ACCOUNTABILITY MECHANISM OF IFC
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