Ruchi Soya Industries Limited is exploring new horizons beyond its traditional business interests. New initiatives like palm plantation and renewable energy sources coagulate well with the existing business goals of the company.
Indian edible oil market is the world’s fourth largest after USA, China and Brazil. A growing population with increasing rate of consumption and continuously increasing per capita income are some of the factors accelerating the demand for edible oil in India. This has led to an increased dependence on import of palm oil. To tackle this situation, Government of India has formed an expert committee which has identified suitable land for palm plantation all over India.
Palm plantation has multiple benefits as it has yield and income per hectare are better than other oil seed crops. Once planted, palm trees can be harvested for about 25 years. Reduced dependency on imports conserves country’s foreign exchange reserves and needless to state - Plantations are always environmentally beneficial.
Ruchi Soya has taken the initiative and consolidated its palm plantation activities, by merging ‘Mac Oil Palm Limited’ and ‘Palm Tech India Limited’ into Ruchi Soya Industries Limited. Ruchi Soya is the leading player in oil palm processing with 0.90 million metric ton capacity per annum in India, with land access to over 2.50 lakh hectares of potential oil palm cultivation in India. Ruchi Soya has access to palm plantations in Andhra Pradesh, Karnataka, Mizoram, Gujarat, Odisha, Tamil Nadu and Chhattisgarh.
Ruchi Soya Industries Limited is active in wind power generation, having wind mill installations in Madhya Pradesh, Tamil Nadu, Maharashtra, Gujarat and Rajasthan with an aggregate capacity of 85.3 MWh at 11 locations. Rural integration is the key business philosophy of Ruchi Soya, thereby, continuing the tradition of being a farmer friendly company. We believe that effective utilization of uncovered waste/marginal land of the country will lead to inclusive growth by generating large scale rural employment opportunities.
Ruchi Soya Industries Limited has expanded its refining and crushing capacities. Ruchi now has over 3.30 million metric tons per annum of refining and over 3.72 million metric tons per annum of crushing capacities, spread over strategic locations across India. We are one of the few edible oil companies in the country that has a balanced mix of inland and port based refineries. This enables us to optimize production depending upon the availability of various alternatives – local oilseeds or imported crude oil. Moreover, multi- location refineries have reduced road travel costs leading to significant transportation cost advantage. We have 6 refineries at various locations and 10 inland crushing plants out of which most are attached with refinery.