The company had invested about Rs 11 crore in the plant which produces pressure cookers and home appliances. The newly launched Microwave Pressure cooker is made of plastic and designed to pressure cook using a microwave oven, TTK Prestige today said in a filing to the Bombay Stock Exchange.
The appliance not only maximises the use of microwave oven but also preserves nutrients and saves energy, it said.
TTK claimed that the it was the first company to produce a micro-wave pressure cooker carrying CE certification in the global market.
TTK Prestige has applied for a worldwide patent for this product, the release added.