Ruchi Soya Industries has reportedly signed memorandum of understanding (MoU) with Karnataka government. The company will invest Rs 350 crore in the State, both in the agriculture and energy sectors. Setting the stage for the next edition of Invest Karnataka-2016, the State has hosted the Mumbai Road Show at the Taj Mahal Palace Hotel in Mumbai.
Recently, the company has reported 36% rise in its net profit at Rs 7.08 crore for the quarter ended September 30, 2015 as compared to Rs 5.22 crore for the same quarter in the previous year.
Ruchi Soya is India’s leading FMCG Company, India’s number one cooking oil and soy food maker and marketer. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.
