IFL Enterprises to enter into organic waste management and recycling business
IFL Enterprises
on Thursday said its board has approved a proposal for entering into the business of
organic waste management
& recycling.
The new venture is part of the company's strategic plan to diversify its portfolio and tap into emerging and high-demand sectors, the company said in a statement.
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The Organic Waste Management & Recycling industry is projected to grow at a compound annual growth rate (CAGR) of 10-12 per cent over the next five years , it added.
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IFL Enterprises
Director Meet Chhatrala said, "Expansion reflects IFL Enterprises' commitment to future-ready business models and long-term value creation for its stakeholders."
The
agri commodity trader
recently announced that Singapore based
Unique Global Managed Services Pte Ltd
has offered to acquire up to 12 per cent equity stake through
strategic investment
route at 100 per cent premium to existing share price.
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