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On the second day of the fourth Bengal Global Business Summit in Kolkata, the managing director of Adani Wilmar, Mr. Pranav Adani has announced that Adani Group will invest Rs. 750 crore to double the capacity of its edible oil refinery at Haldia in West Bengal. He also expressed interest the group’s keenness to invest in port, agri and power sectors, given the chance to do so.
While the refinery capacity is 1600 tonne per day at present, the fresh investment to double its capacity will be spread over five years. In step the capacity of the packaging unit would also be expanded from 1200 tonne to 1800 tonne at the refinery.
The Adani group will also explore the business of agri-logistics and warehousing in the state, he said adding that they want to replicate the business model of Mundra port in West Bengal, is given a chance to do so. Incidentally, the state government has been planning to develop two deep sea ports. Adani also said the group is keen on the power sector prospects in the state and would like to offer its expertise in transmission and renewable energy.