The new cotton seed plant will come up near its already commissioned 1,500 tonnes per day (TPD) soybean processing plant at Gandhidham. Gokul used part of its initial public offering (IPO) proceeds to fund Rs 51 crore soybean processing plant. Now the company is gearing up to pump in around Rs 60 crore for a greenfield cotton seed processing facility, which will also have solvent plant, say sources.
The proposed plant, to be set up as part of backward integration, would have around 400-500 TPD and the company is hopeful of start initial groundwork for cotton seed processing unit by September-October this year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app