Godrej Agrovet to set up edible oil refining plant in Andhra Pradesh

Amravati, Mar 11 (KNN) Godrej Agrovet Limited (GAVL), one of India's largest diversified agribusiness company has decided to set up manufacturing facility for Edible Oil Refinery & Solvent Extraction Plant in Andhra Pradesh.

GAVL on Friday announced that an MoU with the Andhra Pradesh government was signed at the sidelines of the Andhra Pradesh Global Investors Summit (APGIS) 2023.

As per reports, Godrej will invest Rs 100 crore for setting up the manufacturing facility.

With company already having 45,000 h.a of oil palm plantation area in AP, the proposed new plant will have a projected refining capacity of 400 tonnes per day and will be set up in Seethanagaram, Eluru District in AP. 

This is GAVL's first downstream project for value-added products in oil and fats.

Balram Singh Yadav, Managing Director, GAVL said, "The MoU is in line with Godrej Agrovet's long-term strategy to be the catalyst in India's oil mission through sustainable growth of oil palm production."

The MoU was signed in the presence of  Minister for Agriculture, Government of Andhra Pradesh, Kakani Goverdhan Reddy.

Key persons who had attended the ceremony included Chiranjiv Choudhary, Secretary – Food Processing, Sridhar Reddy, CEO, AP Food Processing Society among others.  (KNN Bureau)