Hindustan Foods has started the commercial production of pest care products.

The company has acquired the Pest products manufacturing unit at IGC II, SIDCO Samba, J&K from Reckitt Benckiser (Indis) (RBIPL) on a going concern basis and stared commercial production from January 2, 2018.

Furthermore, as per a company release, the manufacturing unit will supply the Pest care products to RBIPL and the company expects to achieve a turnover of Rs.125 crore annually from this unit. The company has entered into 7 years supply agreement with RBIPL.

Read EquityPandit’s Technical Aanlysis on Nifty FMCG