Parag Milk Foods plans capacity expansion to boost paneer output

Shares of India's Parag Milk Foods rose 2.5% to 278.35 rupees as the company announced plans to invest 1 billion rupees ($10.44 million) to expand its paneer production capacity from 20 metric tonnes/day to 80 metric tonnes/day. The expansion, set to be commissioned by June 2027 across its Manchar and Palamaner plants, aims to strengthen flagship brands and develop innovative products.