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Sagar Soya Products (SSPL) was incorporated on 27 Sep.'82 as a private limited company. Currently, A C Patel is the chairman and D T Patel, the managing director. In Jan.'95, SSPL came out with a rights issue at a premium of Rs 20 aggregating Rs 10.45 cr to part-finance its expansion and meet working capital requirements. SSPL has set up manufacturing facilities at Bhainsa, MP, for the production of soya oil, de-oiled cakes and soya flour. The company exports soyabean meal/extractions which in 1994-95 was to the tune of Rs 5.75 cr. It has projected a higher export turnover with necessary tie-ups with large export houses in the country. In Feb.'92, SSPL took up an expansion program for setting up a 500-tpd solvent extraction plant and a 40-tpd soya flour plant at the existing soya complex in MP. The company, after continuously operating the solvent extraction plant above 75% capacity decided to double its capacity to 1000 tpd. |
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