The company received the clearance from State Level Single Window Clearance Committee (SLSWCC) recently, Ruchi Soya said in a statement here.
Operational performance was pathetic for the quarter as EBITDA (earnings before interest, tax, depreciation and amortisation) loss stood at Rs 840.2 crore against profit Rs 138.3 crore in year-ago period.
Oils business dropped 8.6 percent year-on-year to Rs 4,210.7 crore with EBIT (earnings before interest and tax) rising 11-fold to Rs 175.6 crore and margin expansion of 387 basis points.
FMCG company Ruchi Soya Industries today signed an agreement with Japan's Kagome and Mitsui to set up a joint venture (JV), RuchiKagome, to manufacture tomato products in India.
This year, the monsoons have been very positive for the economy. Dinesh Shahra, managing director of Ruchi Soya Industries told CNBC-TV18 that the crop this year would do better this year than last year. He also indicated that the company would expand up to 15,000 hectares per year.
Ruchi Soya Industries’ fourth quarter (January-March) net profit rose 25.8% year-on-year to Rs 21.77 crore, aided by strong sales, especially to export markets. In an interview with CNBC-TV18, Dinesh Shahra, MD, Ruchi Soya says, the company expects 15-20% revenue growth in FY12.
Ruchi Soya Industries’ fourth quarter (January-March) net profit rose 25.8% year-on-year to Rs 21.77 crore, aided by strong sales, especially to export markets.
In an interview with CNBC-TV18, Dinesh Shahra, MD, Ruchi Soya, spoke about the results and his outlook for the company.