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Private Sector | Multi State - India | PID: 190423
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Emami Agrotech, part of the Emami Group, will invest around Rs 700 crore to scale up its edible oil manufacturing capacity from 6,000 tpd to 10,000 tpd by the end of 2019.
The company intends to double its revenues in the next three years from Rs 12,000 crore as on 31 March 2019 to around Rs 25,000 crore. In the Kandla port of Gujarat,the company is setting up a greenfield project to make edible oil. An investment of around Rs 500 crore is being invested towards the project which can roll out 2500 tpd of oil. Another Rs 200 crore is being infused at Haldia in West Bengal to increase the installed capacity from 3,500 tpd to 5,500 tpd.
The company has finished a brownfield expansion of its Krishnapatnam plant in Andhra Pradesh, where it spent Rs 250 crore to scale up the capacity from 1,200 tpd to 2,500 tpd. Post completion of these ongoing projects, the total installed capacity of the edible oil business will be around 10,000 tpd.
Currently, Emami Agrotech's plants are running at nearly full capacity utilisation. Although currently Emami Agrotech has limited the availability to eastern India, the company will opt for a national roll-out of spices business segment in 2020 and will be investing Rs 50-60 crore on this business.
| Updated on: 21 - Aug - 2019
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