3F Oil Palm, on Wednesday, November 08, announced it has laid the foundation stone for the country’s first Integrated Greenfield Oil Palm Processing Complex in Andhra Pradesh. The facility will be developed at Ayyavaram village in Nallajerla Mandal of East Godavari district in Andhra Pradesh.
The oil palm player will invest approximately 250 INR-Crore in this project, which is expected to generate 2 Lakh Metric Tonnes (MT) of refined oil per year (by FY25). 75 acres of land on Dwaraka Tirumala Road have already been acquired for the facility and will be fully operational within 18 months.
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Apart from Andhra Pradesh, 3F Oil Palm currently operates in Karnataka, Assam, Chhattisgarh, Gujarat and Arunachal Pradesh, with a cultivation area of more than 55,000 hectares and five processing units.
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