Suvendu lays foundation stone for EAL expansion at Haldia
The state transport minister Suvendu Adhikari on Tuesday laid the foundation stone of the expansion of Emami Agrotech Limited (EAL) at Haldia. Emami Agrotech Limited (EAL), a part of the Emami Group of Companies, valued at around Rs.45, 000 crore, announced the expansion of the refining capacity of its edible oil facility in Haldia by 1000 TPD.
The Foundation Stone Laying ceremony was also attended by Aditya Vardhan Agarwal and Manish Goenka, Directors, Emami Group. Speaking on this occasion Mr. Aditya Vardhan Agarwal, Director, Emami Group, said: “Our present manufacturing capacity in edible oils is around 4,000 tonnes per day (TPD) between our two plants in Haldia (WB) and Krishnapatnam (AP).” The Krishnapatnam unit has a production capacity of 1,000 TPD, while the Haldia unit currently can manufacture around 3000 TPD.
With this expansion of our Haldia unit at an investment of Rs.300 crore, the capacity of the plant will increase by another 1,000 TPD i.e. taking up its total capacity to 4,000 TPD. This will make our Haldia facility the largest single location edible oil refinery in India.” Agarwal further added: “We expect the expansion of Haldia unit to be completed by the end of this year.
The expansion will also include setting up of a 7.5 MW captive power plant. We are committed to the industrial resurgence of West Bengal and this investment is a step towards that objective.
We are privileged to have Suvendu Adhikari to lay the foundation of the expansion project” Indian edible oil industry is the world’s fourth-largest industry after USA, China and Brazil and accounts for around 9 per cent of the world’s oil seed production. The Indian edible oil industry continues to be underpenetrated and thereby holds immense business opportunities.
Vegetable oil consumption has increased due to rise in overall household income, surging retail sector, increasing health awareness, growing population and increasing demand.