India's leading agri and FMCG company Ruchi Soya Industries Ltd has signed an agreement with Baba Ramdev-promoted Patanjali Ayurved Ltd for physical refining and packaging of edible oils.
The agreement is valid initially for three years. As per the agreement, Ruchi Soya Industries would process the crude oil provided by Patanjali Ayurved and pack the refined oil as per their specifications.
The share price of Ruchi Soya Industries hit the upper circuit on Monday before closing with an overall gain of 16.34% at Rs 29.90 apiece after a minor profit booking. "We have been looking at opportunities to explore optimal use of