K S Oils, the leading integrated edible oil FMCG Company acquired a refinery in Haldia Port in East India. The refinery will produce refined oil under the current brand name of KS Refined and KS Gold Refined for consumers in North East, West Bengal, Orissa, Bihar, Jharkhand and Uttar Pradesh.
The company acquired the refinery plant for a consideration of Rs. 125 crores from Amfoo Agro Products Limited, a leading agro player headquartered in Kolkata. The plant has a refining capacity of 500 metric tonnes per day (tpd) with a vanaspati unit of 150 tpd and is located within the Haldia Port with a direct pipeline access to ships. Haidia has the most sophisticated port facilities with extensive storage facility for diverse cargo and docking of large ships, thus facilitating international trade.
With the company's FMCG focus of becoming a pan India edible oil player, this refinery will facilitate logistics efficiencies and significantly collapse the time to market for its consumers in East India, With 6 plants in north and central India and this facility in East, the company can every part of this India. Previous to this acquisition, the company imported crude oil at the west coast, transported them to its plants in north and central India and again transported the finished products to its main markets in north and east India. With this acquisition, the company plans to import substantial part of crude edible oil requirements directly to Haldia and then transport the refined oil products to key markets in Eastern India. This will significantly reduce the transportation and logistics: costs and also make available KS refined oil products in a quicker time.
With this new plant in West Bengal, the company's refining capacity will go up significantly. The company posted a turnover of Rs. 2,040 crores in FY07-08 with a bottom-line of Rs, 120 crores. A leader in the mustard oil segment, the company has an entire bouquet of product offerings across all edible oil segments -mustard, soyabean, palm and other refined oils.
crackcrack
| Company Name | CMP |
|---|---|
| Guj. Ambuja Exports | 120.90 |
| Shri Venkatesh Refin | 163.10 |
| Manorama Industries | 1102.10 |
| Mayank Cattle Food | 193.95 |
| Unique Organics | 172.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
