Patanjali Foods to set up a food processing unit

Patanjali Foods Limited has signed a Memorandum of Understanding with the Telangana government to establish a food processing unit in the Nalgonda district.

The company was formerly known as Ruchi Soya Industries Limited. The food processing unit will come up at Uppalancha village with a capital investment of Rs 1,050 crore, Patanjali Foods informed stock exchanges.

The stock filing said the MoU was “non-binding and non-enforceable”.

Incorporated in 1986, Patanjali Foods Limited has evolved as an integrated player in the edible oil business with a presence across the entire value chain, including palm oil plantations in India.

Previous articleMGL to expand its business into CBG, LNG & EV segments
Next articleCummins and Tata Motors to collaborate