KS Oils To Fuel Its Expansion Plan By Investing Rs 200 Crore This Fiscal (18-Jul-2010)
KS Oils plans to invest Rs 220 crore this fiscal to expand its business in both domestic and overseas markets. Out of this, the company plans to spend Rs 150 crore on the overseas expansion and the remaining in the Indian market.
Further, the company has lined up a total capex of Rs 1,000 crore for its Indonesia project over the next three years and has already invested Rs 200 crore there. KS Oils' Singapore subsidiary which owns 55,000 hectares of land in Indonesia, plans to develop palm plantations over 35,000 hectares in the next three years.
KS Oils expects overseas business to add Rs 700 crore to its top line in the next four years once the Indonesia project is implemented.
The company has also acquired 1,000 acre in Malaysia for palm plantation, which would produce around 1,000 tonne of crude palm oil (CPO) per year.
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