Summary of Proposed Investment
Project Number
25065
Company Name
Suguna Foods Private Limited
Date SPI Disclosed
Jul 21, 2006
Country
India
Industry
Agribusiness and Forestry
Projected Board Date
Sep 20, 2006
Status
Completed
Sector
Poultry Farming
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Sep 27, 2006
Signed : Oct 3, 2006
Invested : Nov 8, 2006
Project Description
Suguna Poultry Farms Ltd. (the company or Suguna) is one of India’s largest poultry companies. Suguna works with around 10,500 contract poultry farmers, who receive the company’s support in terms of guaranteed prices and off-take as well as hands-on technical assistance in the actual poultry rearing operations. The company’s headquarters are located in Coimbatore, Tamil Nadu.
Going forward, the company’s strategy is to expand breeder farm, hatchery and feed mill capacity. In order to achieve its growth strategy, over the next four years, the company proposes to implement an investment program and has requested IFC to provide debt and equity financing towards funding this program. The key components of this program are:
- Expansion of breeder capacity;
- Expansion of hatcheries capacity; and
- Expansion of feed-mill capacity.
Going forward, the company’s strategy is to expand breeder farm, hatchery and feed mill capacity. In order to achieve its growth strategy, over the next four years, the company proposes to implement an investment program and has requested IFC to provide debt and equity financing towards funding this program. The key components of this program are:
- Expansion of breeder capacity;
- Expansion of hatcheries capacity; and
- Expansion of feed-mill capacity.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. P.K. Bhardwaj, General Manager (Finance and Accounts)
Suguna Poultry Farm Ltd.
5th Floor, Jaya Enclave
1057 Avinashi Road
Coimbatore-641018, India
Environmental documentation will be made available at the following locations:
- The Hindhu
- Dinamalar
- Corporation Bank, Industrial Finance Branch, Trichy Road, Coimbatore
Suguna Poultry Farm Ltd.
5th Floor, Jaya Enclave
1057 Avinashi Road
Coimbatore-641018, India
Environmental documentation will be made available at the following locations:
- The Hindhu
- Dinamalar
- Corporation Bank, Industrial Finance Branch, Trichy Road, Coimbatore
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster