Edible oil company, K S Oils, today said it will develop Palm Oil Plantations in Indonesia and has acquired additional 53,000 acres of land for the three-year project, involving a total investment of around Rs 380 crore.

The company, through its wholly-subsidiary K S Natural Resources, has acquired an additional 53,000 acres of land for development of palm oil plantations, KS Oils said in a filing to the Bombay Stock Exchange (BSE).

BSE  |  NSE Price

Also Read   Related Stories News Now - KS Oils to develop palm oil plantations in Indonesia - India-Thailand to expand FTA to services, investments - Indiabulls Power price band likely to be Rs 42-45 per share - Infotrek Syscom to spend Rs 100cr on expansion - Jaiprakash gets shareholders nod for investment plan - Actis raises $750 mn for investment in emerging markets

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses More

The company would fund the project through internal accruals and debt at subsidiary level, the company said.

In June this year, the company in continuation of acquiring palm plantation assets in South Asia, had made an additional acquisition of 35,000 acres of palm plantation land in Indonesia.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses

Tags : K S Oils | Edible oil company | investment | Indonesia | palm plantation   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here