The Board of Directors of Gokul Agro Resources Ltd at its meeting held recently has considered, expansion of the Company by setting up of a Refinery Unit at Survey No. 929, 929A & 929B, EPURU BIT-1, Doruvulapalem Panchayati, West Naguladoruvu, Muthukuru Mandal SPSR Nellore, Dist. Andhra Pradesh) at Krishnapatnam, Andhra Pradesh.
The land acquired at Rs. 5,00,00,000/-, and the proposed Investment – Plant & Machinery – Rs.1,75,00,00,000/- and Building – Rs. 25,00,00,000/-. The proposed capacity utilization is 1400 TPD and the expected date of commencement of operations (tentative) is 01-12-2022.