Rasoya charts 500 cr Capex to Set up New Units
(The Hindu BusinessLine)“The company has proposed to set up a plant to manufacture ethanol from maize and other agro products in a bid to tap the potential of increasing demand for green fuel.”
Rasoya Proteins has outlined a capital expenditure of ₹500 crore to increase its edible oil refining capacity and set up new plants.
The company is engaged in manufacturing of soya-based products and edible oil such as soya oil, soyameal and value added soya products.
Prashant Duchakke, Executive Director, said the company has proposed to set up a plant to manufacture ethanol from maize and other agro products in a bid to tap the potential of increasing demand for green fuel.
“The demand for ethanol would grow manifold with the Government expected to increase blending of ethanol with petrol. This apart, we would set up a large scale rice mill unit for processing paddy and two tur dal processing units in Maharashtra,” he added. READ MORE