Ruchi Soya to invest Rs 250 cr
Leading edible oils manufacturing company Ruchi Soya Industries will invest close to Rs 250 crore in capacity expansion in two to three years. The company is also planning a multifold investment in brands and palm oil plantations.
By NIDHI SHARMA, ET Bureau |
MUMBAI: Leading edible oils manufacturing company Ruchi Soya Industries will invest close to Rs 250 crore in capacity expansion in two to three years. The company is also planning a multifold investment in brands and palm oil plantations.
The company intends to increase its refining capacity, primarily of palm oil, by 1.1 million tonne per annum (mtpa) from the current 2.1 mtpa. "We will invest close to Rs 250 crore, which will be funded by a mix of internal accruals
and borrowings," Ruchi Soya managing director Dinesh Shahra told ET.
Ruchi Soya is also eyeing palm oil plantations in Indonesia. "We want 20% of our palm oil requirement to come from plantations over the years," said Mr Shahra. He said this could be done through joint ventures or acquisitions.
The company intends to increase its refining capacity, primarily of palm oil, by 1.1 million tonne per annum (mtpa) from the current 2.1 mtpa. "We will invest close to Rs 250 crore, which will be funded by a mix of internal accruals
and borrowings," Ruchi Soya managing director Dinesh Shahra told ET.
Ruchi Soya is also eyeing palm oil plantations in Indonesia. "We want 20% of our palm oil requirement to come from plantations over the years," said Mr Shahra. He said this could be done through joint ventures or acquisitions.
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