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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.
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( With inputs from www.siasat.com )