 "Rasoya Proteins proposes Rs 400-cr capex")
Edible oil producer and retailer Rasoya Proteins Ltd (RPL) as embarked upon Rs 400 crore expansion plan to expand the capacity of its manufacturing units across Maharashtra.
While the company proposes to set up a plant for manufacturing ethanol from maize and other agro produce due to potential of increasing demand of the green fuel going forward under the mandatory blending with petrol, RPL is also looking to set up a large scale rice mill unit for processing of paddy.
“With an investment of Rs 400 crore we are planning to expand edible oil and other business in agri sector. For the first time, we are entering into branded rice segment with non-basmati rice “Rasoya” brand sale. Also, we are exploring possibility to set up bran processing unit to produce rice bran oil with raw material procured from our own mill,” said Prashant Duchakke, Executive Director, RPL.
“With this, our aim to become a full-fledged fast moving consumer goods (FMCG) company will be complete,” said Duchakke.
The company is currently, selling whole wheat floor under “Mejwani” brand in 1 kg, 5 kgs and 10kgs pack size and caters to western Indian markets aggressively.
“We are working on the modalities of raising funds. But, funds for our proposed investment will be raised through both loans and internal accruals,” he added.
While the company proposes to set up a plant for manufacturing ethanol from maize and other agro produce due to potential of increasing demand of the green fuel going forward under the mandatory blending with petrol, RPL is also looking to set up a large scale rice mill unit for processing of paddy.
“With an investment of Rs 400 crore we are planning to expand edible oil and other business in agri sector. For the first time, we are entering into branded rice segment with non-basmati rice “Rasoya” brand sale. Also, we are exploring possibility to set up bran processing unit to produce rice bran oil with raw material procured from our own mill,” said Prashant Duchakke, Executive Director, RPL.
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“With this, our aim to become a full-fledged fast moving consumer goods (FMCG) company will be complete,” said Duchakke.
The company is currently, selling whole wheat floor under “Mejwani” brand in 1 kg, 5 kgs and 10kgs pack size and caters to western Indian markets aggressively.
“We are working on the modalities of raising funds. But, funds for our proposed investment will be raised through both loans and internal accruals,” he added.