Godrej Agrovet's ₹300 Cr Oil Palm Hub Eyes 30,000 Hectares

Godrej Agrovet Ltd inaugurated an integrated oil palm complex in Khammam, Telangana, on Monday, with a total investment of ₹300 crore. The facility brings seed genetics, nursery operations, an R&D centre, a mill, and a refinery under one roof, the company said in a regulatory filing.

The mill, the first set up by a private company in the state, has started operations at 30 tonnes per hour and is designed for expansion to 60 tonnes per hour. Godrej Agrovet plans to increase its oil palm plantation area in Telangana to 30,000 hectares by 2030, from 10,000 hectares currently. The cumulative investment will reach ₹300 crore once the entire complex is operational, the company said.

Bhatti Vikramarka Mallu Garu, Deputy Chief Minister and Minister for Finance & Planning, Energy, Government of Telangana, inaugurated the complex. “This complex is a landmark for Telangana's oil palm mission and for our vision of making the state a leading edible oil producer. Telangana's oil palm mission is transforming the lives of lakhs of farming households while strengthening the nation's edible oil security,” Burjis Godrej, Chairperson Designate of Godrej Agrovet, said.