logo
Meghalaya CM Sangma inaugurates NE's biggest bottling plant in Mendipathar

Meghalaya CM Sangma inaugurates NE's biggest bottling plant in Mendipathar

Time of India19 hours ago
Meghalaya marked a milestone with the opening of a PepsiCo bottling plant. Conrad K Sangma inaugurated the Rs 340-crore facility in Mendipathar. The project promises economic growth and employment opportunities. It fulfills a long-held vision for industrial development in the Garo Hills. Another beverage plant is also nearing completion in the Tikrikilla-Bajengdoba region.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Meghalaya Chief Minister Conrad K Sangma on Wednesday inaugurated a Rs 340-crore PepsiCo bottling plant at Medipathar town in North Garo Hills District , officials said. Mendipathar is the only town in the state having a railway head.Calling the project a "blessing" for the state, Sangma said, "This is a symbol of the economic growth that Meghalaya is on track to achieve. Nobody would have ever imagined that the largest bottling plant in the NE would be right here in Mendipathar."He said the project would raise aspirations among the youth and stimulate ancillary industries."We can anticipate that different avenues will come up in the region," he said.Spread across 37 acres in the Mendipathar Industrial Area, the bottling unit is expected to generate direct and indirect employment for hundreds of people in the region.Recalling the long-delayed promise of industrial development in Garo Hills, the CM said the Mendipathar industrial area was conceptualised in the 1990s, but saw no investment for over 30 years."There was hope and expectation, which never got fulfilled," he said, paying tribute to the vision of his late father and former Lok Sabha Speaker P A Sangma."Today is a day of hope and fulfilment of that vision he had for Mendipathar and Meghalaya in general," Sangma said, while thanking local Nokmas and residents for donating land for the industrial area decades ago.Sangma said the plant would also lead to economic growth in Mendipathar through increased demand for housing, retail and other services.He further announced that another beverage plant is being set up in the Tikrikilla-Bajengdoba region, with 90% of construction work already completed.Deputy Speaker Timothy D Shira, Power Minister A T Mondal, PHE Minister Marcuise Marak, MIDC Chairman James K Sangma and other MLAs were present at the inaugural event.The CM also thanked Varun Beverages Chairman Ravikant Jaipuria and Varun Jaipuria for their commitment."Ravikant ji is a visionary. Though the target was nine months, the project was completed in 11 months," he said, lauding the company's time-bound execution.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Small-cap pharma stock edges higher despite stock market sell-off; here's why
Small-cap pharma stock edges higher despite stock market sell-off; here's why

Mint

time18 minutes ago

  • Mint

Small-cap pharma stock edges higher despite stock market sell-off; here's why

Stock Market Today: Small-cap pharma stock edged higher during the intraday trades on Thursday despite the stock market sell-off. Check details about Fredun Pharmaceuticals Q1 results. Fredun Pharmaceuticals Limited, a pharmaceutical formulation manufacturing company in India, reported its Q1 performance on Thursday, 31 July 2025. The Fredun Pharmaceuticals reported net profit at ₹ 6.77 Crore during the quarter ending June 2025, which was 63.82% higher compared to ₹ 4.13 crore in the year-ago quarter. As per its disclosed unaudited financials for the first quarter of fiscal year 26, the revenues at ₹ 119.86 crore grew 52.08% compared to ₹ 78.81 crore in the year-ago quarter. The boost to the bottom line was further provided by the improved operating performance. The Earnings before interest, tax, depreciation, and amortization, or EBITDA, at ₹ 16.99 crore grew 62.15% over ₹ 10.48 crore in the year-ago quarter Fredun Medhora, Managing Director, in a statement said that We are pleased to report a strong start to FY26 with a significant year-on-year growth in net profit and healthy improvement across all key financial metrics." The performance as per Medhora reflects the successful execution of our growth strategy and the continued demand for the company's diversified portfolio across domestic and international markets. The company's generics portfolio continues to strengthen, with over 1,200 products currently under registration. The current order book stands at over ₹ 200 crore, providing strong revenue visibility and momentum for the upcoming quarters. The company is diversified into generics, cosmetics, nutraceuticals, mobility, and animal healthcare products too. Fredun Pharmaceuticals share price opened at ₹ 1017.00 and gained further to RS 1020 levels on Thursday , marking intraday gains of 4.73% compared to previous day's closing price of ₹ 973.95 for the Fredun Pharmaceuticals share price The gains for the small-cap stock Fredun Pharmaceuticals share price were despite weak Indian stock markets on a day when Sensex corrected mor than 1% during intraday trades amid stock market sell-off. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Brigade Hotel Ventures shares drop nearly 10 pc in market debut trade
Brigade Hotel Ventures shares drop nearly 10 pc in market debut trade

Deccan Herald

time18 minutes ago

  • Deccan Herald

Brigade Hotel Ventures shares drop nearly 10 pc in market debut trade

New Delhi, Shares of Brigade Hotel Ventures Ltd on Thursday listed with a discount of nearly 10 per cent against the issue price of Rs stock began trading at Rs 82, down 8.88 per cent from the issue price on the the NSE, it started trading at Rs 81.10, a discount of 9.88 per company's market valuation stood at Rs 3,279.94 initial share sale of Brigade Hotel Ventures Ltd fetched 4.48 times subscription on the closing day of bidding on initial public offering (IPO) had a price band of Rs 85-90 per Hotel Ventures' IPO was entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for-sale (OFS) from the issue to the tune of Rs 468.14 crore will be used for the payment of debt, Rs 107.52 crore will be utilised for the purchase of an undivided share of land from the promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate Hotel Ventures Ltd is a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd (BEL)..BEL entered into the hospitality business in 2004 with the development of its first hotel, Grand Mercure Bangalore, which commenced operations in company has a portfolio of nine operating hotels across Bengaluru, Chennai, Kochi, Mysuru, and the GIFT City (Gujarat) with 1,604 hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.

IBPS PO, SO Recruitment 2025 correction window opens at ibps.in, direct links to make changes here
IBPS PO, SO Recruitment 2025 correction window opens at ibps.in, direct links to make changes here

Hindustan Times

time18 minutes ago

  • Hindustan Times

IBPS PO, SO Recruitment 2025 correction window opens at ibps.in, direct links to make changes here

The Institute of Banking Personnel Selection has opened the correction window for IBPS PO, SO Recruitment today, Thursday, July 31, 2025. Candidates who want to make any corrections or modify their application form can do it through the official website of IBPS at IBPS PO, SO Recruitment 2025 correction window opens at links here Candidates can make the changes until tomorrow, Friday, August 1, 2025. However, candidates will be allowed to re-submit the application form after making the necessary corrections in the online application data as per their requirements. As per official notification, a candidate will only be allowed to correct and re-submit the modified application once during the 'Edit Window to Modify/ Correct Application Form', and no further updation will be allowed in any case. Before submission of the corrected application form, candidates to ensure that all the details are accurate. IBPS PO, SO Recruitment 2025: How to make corrections/modify the application form 1. Go to the official website at 2. On homepage, Tab on link available 3. Key in to the page and your application form will be displayed on the screen. 4. Make all the required modification in the application form 5. Pay the applicable charges online 6. Submit and download the confirmation page. 7. Keep a hard copy of the same for future requirement. It is also notified, Only those candidates will be allowed to make the corrections in the application form, who have already successfully submitted their completed online application form along with payment of requisite fees within the specified period in the official portal. The fee for making Correction in the Application form is Rs. 200/- (inclusive of GST). The correction fee is same for all candidates and will be equally applicable to all candidates irrespective of the category. If candidate have filled multiple application form, candidates are advised to Edit only the latest application. Candidates can check the official website of IBPS, for more such updates.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store