Manpasand Beverages, the company that makes ‘Mango Sip’, said it completed the construction of its new plant in Haryana at a cost of Rs 150-160 crores. The company had raised the money through itś recent IPO.
The new unit will manufacture 50,000 cases of the existing range of products such as ´Mango Sip´,´Fruits Up´, carbonated and other fruit drink products per day.
Before the expansion, Manpasand had a capacity of 120,000 cases per day and utilization was at 50-55%.
The company said the new factory will enable it to sell its products in North India as well as North East Indian markets.