KS Oils, Madhya
Pradesh has acquired an edible oil refinery in Haldia port from Ambo Agro
Products, Kolkata for about Rs.150 crore.
Of the total funds for
the acquisition, two-third will be debt and the remaining will be internal
accruals. The Haldia refinery has a capacity of 500 tcpd and after the
acquisition it will ramp up the company's total refining capacity to 1,800 tcpd.
The company is planning to sell the refined oil from the newly acquired unit in
West Bengal, Bihar, Jharkhand, Orissa, North East and UP. The company also plans
to import crude edible oil from Latin America and South East Asia, process it in
the Haldia refinery and sell the same in the eastern markets.