Tuesday, April 1, 2008

Gujarat Ambuja to commission soybean plant in MP

Ahmedabad-based agro-processing company, Gujarat Ambuja Exports Limited ( GAEL), will be putting in around Rs 85 crore this year in two different ventures. Guj Ambuja will commission a 1,200-tonne per day (tpd) soybean processing plant at Mandsaur in Madhya Pradesh at an investment of Rs 50 crore. GAEL already has soya processing plants at Kadi and Nani Kadi in Gujarat, at Pithampur in MP and at Kanheri in Maharashtra. The new plant is expected to go on stream in October-November 2008. With this, the company''s soya processing capacity is expected to touch 4,700 tpd.

Under the mandi venture, the company is looking at sourcing oilseeds and other products from farmers. As many as 8 mandis have already been established and 20 more are in the process of being set up in Madhya Pradesh, Maharashtra and Rajasthan. Around Rs 35 crore is expected to be invested in the venture. Of late, the company started production at its new maize processing plant at Sitarganj in Uttarakhand, which has a capacity of 500 tonne per day. The plant has been set up with an investment of Rs 60 crore through internal accruals.

No comments: