Gokul Agro Resources Limited has announced the acquisition of fixed assets of an edible oil refinery in Mangalore from Sri Anagha Refineries Private Limited. The move, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), highlights Gokul Agro’s strategic expansion in Southern India.
Key Details:
- Current Capacity: Gokul Agro’s existing capacity stands at 5,550 tons per day (TPD) with a utilization rate exceeding 75%.
- Capacity Expansion: The acquisition adds 100 TPD, expected to be operational within six months.
- Investment: The project involves an investment of Rs 105.53 crore, funded through a mix of bank borrowings and internal accruals.
- Rationale: The acquisition aims to strengthen Gokul Agro’s market presence in Southern India, enhancing its distribution and operational reach.
The company expressed optimism that this acquisition aligns with its growth strategy to capture untapped opportunities in Southern India’s edible oil market.
