Anand-based Kaira District Milk Producers Union Ltd (Amul Dairy), the flagship dairy under GCMMF plans to acquire Heritage Foods Ltd's dairy plant in Punjab for Rs 21.20 crore. Board Directors of Heritage Foods Ltd has given nods to sale of all tangible assets of the dairy plant located at Bhambri village of Fatehgarh Sahib district in Punjab. The move is part of its business rationalisation in northern India. GCMMF is examining the acquisition proposal although it looks to expand operations in Punjab to cater North India for liquid milk, curd and buttermilk, among other dairy products. At Present, GCMMF has two smaller plants in Punjab. According to Heritage Foods Ltd's BSE filling Bhambri plant's net worth is Rs 21.10 crore and contributed 1.88 per cent or Rs 46.63 crore in terms of revenue from operations to the company's total Rs 2,482 crore turnover in fiscal year 2018-19.