New Launch19 Nov 2024, 09:47 pm
Mangalam Global Enterprise Ltd Completes Purchase of Oil Refinery, Boosting Installed Capacity by 200 MT/Day
AI Summary
Mangalam Global Enterprise Ltd (MGEL) has completed the purchase of an edible oil refinery and packing unit, as well as an oil seed crushing plant, from Shree Gurukrupa Oil and Foods and individual land owners in Jotana, Mehsana, Gujarat. The acquisition, made at a cost of Rs. 10.87 Crores, adds a combined capacity of 200 metric tonnes per day to MGEL's operations, which is expected to enhance the company's overall performance.
Key Highlights
- Mangalam Global Enterprise Ltd has completed the purchase of an oil refinery and crushing plant in Jotana, Mehsana, Gujarat.
- The acquired assets include land, plant & machinery, and building with a total installed capacity of approximately 200 metric tonnes per day.
- The cost of the acquisition is Rs. 10.87 Crores.
- The new facilities are expected to boost the company's overall performance.
- The transaction marks MGEL's latest expansion in the edible oil sector.