Varun Beverages plans to set up a greenfield production facility

Varun Beverages , a key player in the beverage industry, on Thursday announced its plans to set up a greenfield production facility (subject to receipt of necessary approvals) to create in-house production capacity for Tropicana fruit juices, Quaker Oats Milk-based Beverages and Gatorade. Foundation stone for this new production facility is being laid by the Punjab Chief Minister at Pathankot on Thursday. This will be India’s first fully backward integrated facility manufacturing the complete range of these products, besides carbonated soft drinks (CSD), at a single location. The stock of Varun Beverages closed at ₹643.65, up 1 per cent, on the BSE.