Gokul Agro Resources Ltd Acquires Fixed Assets from Sri Anagha Refineries for INR 105.53 Crores to Boost Southern India Market Presence

Gokul Agro Resources Ltd has acquired fixed assets of an edible oil refinery at Mangalore from Sri Anagha Refineries Private Limited. The existing capacity of Gokul Agro Resources Ltd is 5550 TPD, with an existing capacity utilization of more than 75%. The new acquisition will add 100 TPD to the proposed capacity. The investment required for this acquisition is INR 105.53 Crores, which will be funded through borrowing from a bank and internal accruals. The proposed capacity is to be added within 6 months. This acquisition aims to increase the market presence of Gokul Agro Resources Ltd in Southern India.