IFL Enterprises to enter into organic waste management and recycling business

Ahmedabad-based 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.

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.


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.