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Tirupati Oil Cake Industries acquires land for its new unit in Solapur

Wednesday, 01 Feb 2023
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Tirupati Oil Cake Industries has acquired land to set up a new dal mill processing unit at Chincholi MIDC in the Solapur district of Maharashtra.

The proposed unit will cover over 6.17 acres of land parcel. The project also expects to generate employment for 200 persons.

The investment of approx. Rs 34.5 crore will be funded through a bank loan, and the remaining Rs 15 crore will be invested through internal accruals.

According to the information available with Projects Today, Tirupati Oil Cake Industries is preparing the detailed project report (DPR) for the project.

The company is yet to finalise the architect and machinery suppliers.

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