Business News | Patanjali Foods to Set Up Food Processing Unit in Telangana's Nalgonda District
Get latest articles and stories on Business at LatestLY. Patanjali Foods Limited has signed a Memorandum of Understanding with the Telangana government to establish a food processing unit in the Nalgonda district.
New Delhi [India], May 1 (ANI): Patanjali Foods Limited has signed a Memorandum of Understanding with the Telangana government to establish a food processing unit in the Nalgonda district.
The company was formerly known as Ruchi Soya Industries Limited.
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The food processing unit will come up at Uppalancha village with a capital investment of Rs 1,050 crore, Patanjali Foods informed stock exchanges on Sunday.
The stock filing said the MoU was "non-binding and non-enforceable".
Incorporated in 1986, Patanjali Foods Limited has evolved as an integrated player in the edible oil business with a presence across the entire value chain, including palm oil plantations in India. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)