Origo Commodities to invest Rs. 250 cr for 20 warehouses.

Origo Commodities, a post-harvest solutions and warehouse management services company in India, would look at investing about Rs. 250 crore in three years in setting up 20 warehouses, said an official.

The new facilities will up come in Andhra Pradesh, Telangana, Rajasthan, Maharashtra and other states. Each would have a capacity ranging from 5,000-10,000 mt, said Sunoor Kaul, director, Origo Commodities.

'Origo Commodities will put efforts to facilitate infrastructure, which can help farmers. It will also support creating multiple integrated marketing platforms and storage infrastructure to sustain the activities of primary agriculture co-operative societies on the post-harvest side,' he said.

According to him, each warehouse would need an investment of about Rs. 12 crore making it a total Rs. 250 crore. It would pump equity of 25 to 30 per cent and the remaining would be through debt, he said, adding that focus will also on private market yards.

The company currently operated over 350 warehouses and has over 3.5 million tonne of commodities with value of Rs. 8,000 crore (about $1.5 billion) under management, he said adding that it offered commodity handling, collateral management and procurement services to farmers, producers, processors and corporate houses across 14 states in India.


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