Ruchi Soya

completed

Ruchi Soya Industries Limited (RSIL or the company) is the premier company of the Ruchi Group. It is the largest oilseed crusher, importer of edible oils, exporter of oilseed meals and producer of textured soya protein (TSP) in India. It entered the edible oil business in 1986, with primary focus on the sale of refined edible oil in the Indian market.The project aims to take advantage of the increasingly growing demand of edible oil in India, especially the trend toward the packaged edible oil. The proposed IFC financing will be used in two main areas: The first is to finance two new facilities: a port based refinery at Patalganga near Mumbai (Bombay) and a crushing plant and associated refinery at Butibori near Nagpur both in the state of Maharashtra. The second part is to finance the company’s maintenance capex and permanent working capital, and upgrade edible oil plants and refineries that may be acquired. The Patalganga refinery will rely on imported crude oils and will benefit from a logistical advantage over its competition by being located close to the JNPT/Mumbai ports as well as being close to the major regional market of Mumbai. The Butibori crushing and refining facility will take advantage of the local production of soybeans.