News Desk, News Nation 360 : A major leader in the Indian parboiled rice and edible oil production industry, Halder Venture Limited (HVL) has announced the successful acquisition of KS Oil Ltd.'s Haldia manufacturing facility, greatly increasing its operating footprint. Through this transaction, Halder Venture Limited gains possession of a state-of-the-art refining facility at Haldia Port with a physical and chemical refining capacity of 500 TPD, which is five times more than its current plant. With this calculated move, HVL will be able to take advantage of the growing demand in Eastern India and generate an annual revenue rise of more than ₹1,500 crore. Commenting on the acquisition, Keshab Kumar Halder, Managing Director of Halder Venture Limited, stated that their growth journey has reached a significant turning point with this acquisition, which will allow them
to expand operations, improve productivity, and fortify their position in the edible oil industry. They are in a strong position to set new benchmarks for distribution and quality because of their strategic advantage of direct port access and cutting-edge refining equipment. Their dedication to providing high-quality edible oils while guaranteeing long-term value and sustainable growth for their stakeholders is unwavering. The takeover consists of a refining plant, storage tanks with a capacity of 33,000 metric tons, and a state-of-the-art packaging unit. The fact that HVL has direct access to the port will make it easy for the company to import crude edible oil and lower transport costs considerably. The plant is positioned strategically with effective connectivity via roads, sea, and railroads, and hence HVL will be able to enhance its network of distribution in Eastern India, such as West Bengal, Bihar, Jharkhand, Odisha, and the Northeast, and even neighboring nations like Nepal and Bangladesh. This venture will contribute positively to the economy through the creation of more than 500 jobs within the region, promoting industrial development, and equipping the local workforce. Through expansion of production, cost-saving, and innovation, Halder Venture Limited stands to be a major player in the edible oil market. The Haldia facility has state-of-the-art refining technology to provide high-quality products, reduce waste, and maximize efficiency, and Halder Venture Limited is in close coordination with authorities such as the Haldia Development Authority and Haldia Port Trust to facilitate a smooth and speedy transition.
Pic - Courtesy
