K S Oils to set up plant in Haldia
The Haldia plant, coming up on 25 acres of land, would manufacture refined palmolein with a capacity of 500 tonnes per day.
By PTI |
KOLKATA: Edible oil maker K S Oils Ltd on Friday said it will set up a refining plant at Haldia at an investment of Rs 100 crore.
Haldia plant, coming up on 25 acres of land, would manufacture refined palmolein with a capacity of 500 tonnes per day, company's Chairman Ramesh Garg told reporters here.
Construction of the plant would start in a year, he added.
K S Oils, which already has three plants in Madhya Pradesh and Rajasthan, is in the process of setting up five more greenfield units involving an investment of Rs 400 crore, the Chairman said.
Three of the plants would come up in MP and the other two in Rajasthan. The investments would be funded by debt and internal accruals.
Besides, K S Oils would diversify into wind power generation at a cost of Rs 200 crore. It would also go for palm plantation in Indonesia and Malaysia, entailing an investment of Rs 150 crore.
Garg said Citibank and Barings have picked up equity amounting to Rs 300 crore in the company.
During the current year, the company is targeting revenue of Rs 1,800 crore and a profit of Rs 100 crore.
Haldia plant, coming up on 25 acres of land, would manufacture refined palmolein with a capacity of 500 tonnes per day, company's Chairman Ramesh Garg told reporters here.
Construction of the plant would start in a year, he added.
K S Oils, which already has three plants in Madhya Pradesh and Rajasthan, is in the process of setting up five more greenfield units involving an investment of Rs 400 crore, the Chairman said.
Three of the plants would come up in MP and the other two in Rajasthan. The investments would be funded by debt and internal accruals.
Besides, K S Oils would diversify into wind power generation at a cost of Rs 200 crore. It would also go for palm plantation in Indonesia and Malaysia, entailing an investment of Rs 150 crore.
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Garg said Citibank and Barings have picked up equity amounting to Rs 300 crore in the company.
During the current year, the company is targeting revenue of Rs 1,800 crore and a profit of Rs 100 crore.
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