Arjun Indo Agro Oils Ltd, the edible-oil earning subsidiary of Kolhapur-based mostly Arjun Refineries, will open an edible oil refining and packaging facility at Angre port in Jaigad positioned in Maharashtra’s Ratnagiri district. It options to faucet into a potential thrown up by the the latest Central govt ban on import of refined palm oil, targeting major suppliers Indonesia and Malaysia.
Arjun Indo Agro Oils will lease 5 acres of industrial backup land from the Chowgule Group-promoted Angre Port Pvt Ltd, which runs the Angre port, for 30 many years to develop the refinery and packaging unit with an investment of ₹30 crore, Santosh Vasant Shinde, the founder and operator of Arjun Indo Agro Oils instructed BusinessLine.
The facility will have a capability of fifty,000 tonnes for each calendar year and would be ramped up to a hundred,000 tonnes in Period Two. It will also develop refined soya bean