Rasoya Proteins is reportedly planning to enter into maize-based ethanol production with a capital expenditure of Rs 400 crore. The company has decided to set up a large ethanol production unit for which orders for plants and machinery have already been placed. The company plans to procure maize directly from local stockists in Nagpur and surrounding regions in Maharashtra. The company is also looking to set up a large rice milling unit for selling in packed form under 'Rasoya' brand in addition to a rice bran processing unit for producing health conscious edible oil.
Rasoya Proteins presently sells whole wheat flour under Mejwani brand in western markets. The company is engaged in manufacturing of soya-based products and edible oil such as soya oil, soyameal and value added soya products.
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