Emami’s subsidiary -- Emami Agrotech is planning to invest Rs 700 crore as capital expenditure (capex) over the next 12 months for expansion of its edible oil capacity. Emami Agrotech has also forayed into the Rs 16,000 crore packaged spices market leveraging its edible oil brand.
The company is going ahead with capex in both brownfield project at Haldia involving Rs 200 crore and a greenfield refinery at Kandla in Gujarat. The combined investment in the two projects would be Rs 700 crore and will be completed in a year. The company's edible oil capacity would be 10,000 tonnes per day from 6000 tonnes per day, after the expansion gets completed in the next one year.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.