Emami Biotech to set up 2,000 TPD refinery in Gujarat

Mumbai, 25 September 2014

Emami Biotech , the edible oil and bio-diesel arm of the Emami Group, plans to set up its third refinery with a capacity of 2,000 TPD in Gujarat to cater to northern and western markets, which is expected to become operational in the next 18-24 months, the Kolkata-based firm said on Thursday.

Emami Group director Manish Goenka said Emami Biotech is poised to be a Rs. 5,000-crore company by end of this financial year.

The company has entered into an agreement with Rasoi Ltd, the edible oil arm of Rasoi Group, to acquire edible oil brand Rasoi, Emami said in a statement.

The acquisition will be an addition to the company’s existing portfolio of leading edible oil brands such as ‘Emami Healthy & Tasty and ‘Himani Best Choice’, it added.

“Rasoi is a heritage brand that enjoys very strong brand equity. It is a leading Vanaspati brand in West Bengal and one of the leading producers of Vanaspati in India that enjoys a strong legacy of consumer trust,” Emami Group director Aditya V Agarwal said.

The brand offers synergy with the company’s edible oil business which will offer great value, he added.

“With the acquisition of the ‘Rasoi’ brand, we would be adding Vanaspati to our existing portfolio, enabling us to offer a wide range of choices to our consumers,” Mr Agarwal said.