/ Emami To Invest Rs 1,000 Crore To Boost Edible Oil Business ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 7 April 2017

Kolkata based FMCG giant Emami Group, is set to invest a humongous amount of Rs 1,000 crore to boost its edible oil business.

While Rs 800 crore will be allocated for the establishment of its manufacturing units in Jaipur, Rajasthan; Kandla, Gujarat; and JNPT, Maharashtra, the remaining amount will be spent on advertisement and brand promotion of Healthy and Tasty- its premium brand.

These three manufacturing units will be instrumental in widening the company's reach in the northern and western region of the country.

Whereas, the company currently produces soyabean, sunflower, rice bran, palm and mustard oil in its manufacturing units in Haldia, West Bengal and Krishnapatnam, Andhra Pradesh with an aggregate capacity of producing 5,000 tonnes per day.

However, till now, the company procured edible oil from a third party manufacturer based in Jaipur.

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