Rs500 crore edible oil plant coming up in Nellore from the house of Gold Drop

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Lohiya group, the name behind flagship edible oil brands Gold Drop and Gold Plus, is setting up a Rs500 crore edible oil plant in Nellore of Andhra Pradesh. The Rs. 2,200-crore Lohiya Group, commands over 55 per cent share in the branded edible oil market in Andhra Pradesh and Telangana. Lohiya now operates two refineries at Kakinada and Mankhal with a total capacity of 1,335 tonnes per day.

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Group Managing Director Mr Mahaveer Lohiya hopes to start the first phase operations in about 10 months time. The first phase of the plant involves an investment of Rs 100-crore to create 500 tonnes of capacity. Total investment in all the phases will be to the tune of Rs. 500 crore spread over two to three years.

1 Comment on Rs500 crore edible oil plant coming up in Nellore from the house of Gold Drop

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