Godrej Agrovet inks MoU with Andhra Pradesh government

10 Mar 2023 Evaluate

Godrej Agrovet has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh (AP) government on the sidelines of Andhra Pradesh Global Investors Summit (APGIS) 2023. As a part of the MoU, Godrej Agrovet's oil palm business will be making an estimated investment of Rs 100 crore to set up a manufacturing facility for edible oil refinery and solvent extraction plant.

The company already has 45,000 hectare area of oil palm plantation in Andhra Pradesh. The proposed new plant will have a projected refining capacity of 400 tonnes per day and will be set up in Seethanagaram, Eluru District in AP.

Godrej Agrovet is a diversified, research and development focused agribusiness company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

Godrej Agrovet Share Price

730.05 3.55 (0.49%)
23-Dec-2024 12:44 View Price Chart
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Company Name CMP
Godrej Agrovet 730.05
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