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Patanjali Foods to set up food processing unit in Telangana’s Nalgonda district, ET Retail


New Delhi: 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.

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.

Bourses freeze Patanjali Foods promoter shares on not meeting public shareholding norm

SEBI norms state that public shareholders must hold a minimum of 25% stake in a listed company.​​

  • Published On May 1, 2023 at 04:53 PM IST

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