Arjun Indo Agro Oils Ltd, the edible-oil building subsidiary of Kolhapur-based mostly Arjun Refineries, will open an edible oil refining and packaging facility at Angre port in Jaigad found in Maharashtra’s Ratnagiri district. It designs to faucet into a likely thrown up by the modern Central federal government ban on import of refined palm oil, focusing on prime 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 yrs to establish the refinery and packaging unit with an investment of ₹30 crore, Santosh Vasant Shinde, the founder and proprietor of Arjun Indo Agro Oils advised BusinessLine.
The facility will have a potential of fifty,000 tonnes per calendar year and would be ramped up to 100,000 tonnes in Phase Two. It will also develop refined soya bean oil and