Shree Ram Proteins is all set to diversify its operations and to set up a new oil refinery unit in Gujarat to manufacture edible oils. The Company has ordered a state-of-the-art refining plant for the new business segment. The total estimated Capital Expenditure for the new facility is around Rs 22 to 24 crore and for this investment of Rs 22 to 24 crore will be contributed through internal accruals. The names of new products will be Rape Seed Oil, Cotton Seed Oil and Ground Nut Oil. The company will launch this product in domestic market tentatively in the month of January 2023.
Shree Ram Proteins is engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
