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Patanjali foods and TS oil fed to invest Rs 2,100 crore in Telangana for Palm Oil Processing Units

Updated: May 02, 2023 04:31:29pm
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Patanjali foods and TS oil fed to invest Rs 2,100 crore in Telangana for Palm Oil Processing Units

Hyderabad, May 2 (KNN) Patanjali Foods Ltd and Telangana State Co-operative Oilseeds Growers’ Federation have reached an agreement to invest Rs 1,050 crore each for the establishment of palm oil processing facilities.

The agreement was signed during the day-long food conclave organized by the Telangana government on April 29, 2023.

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As per reports, Varun Beverages Ltd and Four Zero LLP have also decided to jointly establish a beverage manufacturing unit with an investment of Rs 829 crore, while Jurala Organic Farms & Agro Industries signed an agreement to set up an ethanol plant with an investment of Rs 550 crore.

Modi Naturals Ltd have also agreed to invest Rs 325 crore in setting up a distillery for ethanol and solvent extraction of rice bran oil, along with a refinery to process the oil.  Masqati Dairy Products and Heritage Foods will establish a processing plants with investments of Rs 242 crore and Rs 150 crore, respectively.

At the maiden Food Conclave 2023, Telangana has successfully bagged investment projects worth Rs 7,218 crore in various sectors such as food processing, aquaculture, edible oil and meat processing industry.  (KNN Bureau)

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