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Saturday, Nov 04, 2006

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Corporate - Diversification
Vimal Oil to raise funds

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Ahmedabad, Nov. 3

The Mehsana-based Vimal Oil and Foods Ltd, engaged in the edible oil business, is foraying into the Rs 6,000-crore food processing business. For this purpose, the company is to raise funds from the market and has already begun implementing a Rs 41.33-crore diversification project for the manufacturing of five varieties of snack food, including potato chips, fried type extruded snacks, direct wet fried snacks and filled and unfilled snacks, according to its Managing Director, Mr Jayesh Patel.

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