Food Conclave 2023: Patanjali Foods, TS Oil Fed to invest INR 2,100 crore to set up palm oil processing units

Rutuja Kedare May 02, 2023 0

Patanjali Foods Ltd and Telangana State Co-operative Oilseeds Growers’ Federation agreed to each invest INR 1,050 crore towards setting up palm oil processing facilities in Telangana. These are among the INR 7,218 crore worth of investment proposals that came up during the day-long conference organized by the Telangana government on April 29, 2023.

Additionally, Varun Beverages Ltd and Four Zero LLP will establish a beverage manufacturing unit with an investment of INR 829 crore, while Jurala Organic Farms & Agro Industries signed an agreement to set up an ethanol plant with an investment of INR 550 crore.

Modi Naturals Ltd will invest INR 325 crore in setting up a distillery for ethanol and solvent extraction of rice bran oil, along with a refinery to process the oil. Masqati Dairy Products and Heritage Foods also plan to set up processing plants with investments of INR 242 crore and INR 150 crore, respectively.


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