Godrej Agrovet to invest ₹100 cr in edible oil unit at Seethanagaram in Andhra.

Godrej Agrovet Ltd. (GAVL) said Thursday that it has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Government on the sidelines of Andhra Pradesh Global Investors Summit (APGIS) 2023. As a part of the MoU, GAVL’s Oil Palm business will be making an estimated investment of ₹100 crores to set up a manufacturing facility for edible oil refinery and solvent extraction plant in the State.

GAVL is the largest oil palm processor in India and works directly with farmers for the entire lifecycle of their crop. With the company already having 45,000 hectares of oil palm plantation area in AP, the proposed new plant will have a projected refining capacity of 400 tonnes per day and will be set up in Seethanagaram, Eluru District in AP.

HBL