Board of Pincon Spirit approves setting up of rice bran oil refinery and PET manufacturing plant

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Capital Market
Last Updated : Jun 23 2017 | 1:47 PM IST

At meeting held on 23 June 2017

Pincon Spirit announced that the Board of Directors of the Company at its meeting held on 23 June 2017 has approved the following -

Setting up of Rice Bran Oil Refinery and Solvent Extraction Automated Plant at Dankuni Industrial Area, West Bengal at a tentative cost of Rs 30 crore with a production capacity of 200 MT per day for captive use for own brand Pincon Rice Bran Oil in the proportion of 50% pan India distribution and marketing and 50% corporate tie-up for bulk supply.

Setting up of polyethylene terephthalate preform bottle (PET) manufacturing plant at Asansol, West Bengal at a tentative cost of Rs 20 crore with a production capacity of 10 lakh bottles per day for 100% captive use in own bottling unit of own brands.

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First Published: Jun 23 2017 | 1:23 PM IST

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