We are more keen on their oil palm plantation business. That is very attractive because we also have that business. We know that business very well.That is our primary focus as far as Ruchi Soya is concerned," Yadav told PTI.
In December 2017, Ruchi Soya Industries Ltd, which has debt of Rs 10,000 crore, entered the Corporate Insolvency Resolution Process and Shailendra Ajmera was appointed to act as Interim Resolution Professional.
Replying to a query, Yadav said they clocked Rs 5,200 crore revenue and expects to record higher growth during the current fiscal.
He said the company's Animal Feed division is expected to yield better results backed by favourable commodity prices.
"My sense is that the growth (Animal Feed division) will be more than double this year as per the trend which I am seeing now," he said.
'Jersey Thickshakes' are manufactured at Creamline Dairy Private Limited's state-of-the-art plant near here.
In December 2015, Godrej Agrovet acquired a majority stake in CDPL.
With a processing capacity of above 12 lakh litres per day and over 100 collection centres, CDPL has a strong distribution network in Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and parts of Maharashtra.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)