Published On:February 21 2014
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Rasoya charts Rs. 500 cr capex to set up new units.
Rasoya Proteins has outlined a capital expenditure of Rs. 500 crore to increase its edible oil refining capacity and set up new plants.
The company is engaged in manufacturing of soya-based products and edible oil such as soya oil, soyameal and value added soya products,
Prashant Duchakke, Executive Director, said the company has proposed to set up a plant to manufacture ethanol from maize and other agro products in a bid to tap the potential of increasing demand for green fuel.
'The demand for ethanol would grow manifold with the Government expected to increase blending of ethanol with petrol. This apart, we would set up a large scale rice mill unit for processing paddy and two tur dal processing units in Maharashtra,' he added.
The company recently launched Rasoya non-basmati branded rice and plans to enter branded pulses segment as well.
It is exploring the possibility of setting up bran processing unit to produce rice bran oil with raw material procured from its own mill
At present Rasoya, Proteins sells whole wheat flour under Mejwani brand in western markets.
'With the proposed investment, we target to transform ourselves as full-fledged fast moving consumer goods company. Funds for the proposed investment would be raised through a mix of structured debt and internal accruals,' he said.