Mumbai, Feb 21 (UNI) Sanwaria Agro Oils Ltd (SAOL), one of the leading soyabean processors and refined soyabean oil makers in the country, has announced plans to acquire two Solvent Extraction Plants in Madhya Pradesh at a cost of Rs 15 crore.
The market for refined soyabean oil in India is estimated to be worth Rs 7500 crore. These acquisitions and further investment in them will enhance our present capacity of 1000 metric tonnes by 1000 metric tonnes that will go a long way in helping SAOL market demand, said Anil Agrawal, Director, SAOL in a press release here today.
The revenues generated by these acquisitions will boost our bottom line significantly in future and will increase our market share from 8 per cent to 15 per cent of edible oil production of MP, he said.
''SAOL is also in the process of entering into an agreement with an overseas company for marketing its branded and non-branded products. This move will benefit SAOL greatly as our products branded and non-branded will be marketed directly to the consumer.
This will have a favourable impact on our bottom line due to the absence of middlemen and their margin from the buying process,''said Mr Agrawal.
SAOL is part of the Sanwaria Group, a Rs 500 crore group with four members, namely, Sanwaria Energy Limited, Sanwaria Infrastructure Limited, Sanwaria Agro Oils Limited and Sanwaria Foods Limited.
UNI
The market for refined soyabean oil in India is estimated to be worth Rs 7500 crore. These acquisitions and further investment in them will enhance our present capacity of 1000 metric tonnes by 1000 metric tonnes that will go a long way in helping SAOL market demand, said Anil Agrawal, Director, SAOL in a press release here today.
The revenues generated by these acquisitions will boost our bottom line significantly in future and will increase our market share from 8 per cent to 15 per cent of edible oil production of MP, he said.
''SAOL is also in the process of entering into an agreement with an overseas company for marketing its branded and non-branded products. This move will benefit SAOL greatly as our products branded and non-branded will be marketed directly to the consumer.
This will have a favourable impact on our bottom line due to the absence of middlemen and their margin from the buying process,''said Mr Agrawal.
SAOL is part of the Sanwaria Group, a Rs 500 crore group with four members, namely, Sanwaria Energy Limited, Sanwaria Infrastructure Limited, Sanwaria Agro Oils Limited and Sanwaria Foods Limited.
UNI
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