Allana Group and Chatha Food Limited (CFL) announced the signing of the term sheet to establish a joint venture (JV) for the manufacturing and sale of ready-to-cook and ready-to-eat meat products and chicken products with a capacity of 500 metric tonnes and 375 metric tonnes per month respectively.

The estimated cost of the overall project stands at approx. Rs 80-100 crore, which will be funded through a combination of debt and equity.

Under the terms of the term sheet, Allana Group will hold a 30 per cent equity stake in JV, while CFPL will hold the remaining 70 per cent.

Additionally, the plant will produce a variety of ready-to-eat foods, ranging from finger foods to savoury non-vegetarian snacks, catering to both domestic and international consumers.

Manish Muley, CEO, Allana Group, said, “The global demand for value-added ready-to-cook products is on a steady rise, driven by changing consumer preferences towards convenience and health-conscious options. By joining forces with CFPL, we are strategically positioning ourselves to capitalise on this growing overseas market opportunity. This partnership will enable us to enhance our product portfolio, optimise our supply chain, and strengthen our market position globally. Together, we aim to create a value proposition that caters to the evolving needs of consumers while delivering exceptional returns to our stakeholders. We expect that the new plant will be functional by the end of 2025.”