Emami Agrotech, the edible oil and bio-diesel arm of the diversified group, is eyeing a turnover of Rs 25,000 crore by 2025 on higher volumes.
The company is looking to close FY22 with a turnover of around Rs 20,000 crore; in FY21, it had clocked in a turnover of Rs 12,000 crore.
Much of the increase in turnover would come from higher volumes led by the new plant at Kandla, Gujarat that has started production. The Kandla refinery with a production capacity of 3,200 tpd, is the fourth production unit of the company in India, after Haldia, Krishnapatnam and Jaipur.
The Rs 600 crore greenfield plant at Kandla will take the total edible oil production capacity of Emami Agrotech to over 12,000 tpd from its earlier capacity of 9,000 tpd. Emami Agrotech will produce refined palm oil, refined soyabean oil and value added products like vanaspati and bakery fats from the refinery.
The plant is built on 54 acre. It is the only edible oil plant in the entire Kandla region which has a direct pipeline access from the port offering significant logistical and cost benefits. The plant will be generating total employment of almost 2,000 including direct and indirect jobs.
Meanwhile, the company is also looking to grow its non-edible oil business. In 2019, it forayed into the spices segment and in 2021, it launched soya chunks.
In the next three years, it has lined up an investment of around Rs 1,000-1,500 crore for brand building that may also include newer categories.