Emami Agrotech investing Rs 700 crore to increase manufacturing capacity

In the last fiscal year, Emami Agrotech reported a revenue of Rs 12,000 crore led by the edible oils business

Emami Agrotech, part of the Emami Group, will invest around Rs 700 crore to scale up its edible oil manufacturing capacity from 6,000 tonne per day (tpd) to 10,000 tpd by the end of the next year.

Banking on increased production capacity, the company is targeting to double its revenues in the next three years from Rs 12,000 crore as on March 31, 2019 to around Rs 25,000 crore.

In the Kandla port of Gujarat, where it is setting up a greenfield project to make edible oil, around Rs 500 crore is being invested which can roll out 2500 tpd