Ruchi Soya Industries today said it has signed an agreement with Patanjali Ayurved for physical refining and packaging of edible oils.
Under the agreement, Ruchi Soya will process and pack the crude oil provided by Patanjali Ayurved as per their specifications, the company said in a release issued here.
"We have been looking at opportunities to explore optimal use of capacities for crushing, refining and packaging edible oils with various parties.
"The agreement with Patanjali Ayurved is a win-win situation. We will be able to utilise idle capacities, and work with Patanjali to enable them to supply quality refined oils to the Indian market," Ruchi Soya Industries Managing Director Dinesh Shahra said.
Ruchi Soya currently has the largest edible oil refining capacity in India of 3.3 million metric tonnes per annum across 13 facilities.
Company's COO Satendra Aggarwal said, "The agreements would cover processing and packing soya, sunflower and mustard oils at our plant in Baran, Rajasthan."
"In the near future, the processing and packing will be extended to other locations and will include more varieties of edible oils as well. The tie-up will help us to improve capacity utilisation and enhance productivity, efficiency and profitability," he said.
Ruchi Soya is the country's leading agriculture and Food FMCG company with a turnover of USD 4 billion. Its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
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