Last Updated : 21 April 2009 at 15:20 IST

K S Oils forays into international arena

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Commodity Online
MUMBAI: BSE listed K S Oils (BOM: 526209), one of India’s integrated edible oil FMCG major is all set to drive its global expansion through K S Natural Resources (KSNR) its fully-owned subsidiary in Singapore.

Singapore Economic Development Board has awarded Indian edible oil FMCG major K S Oils International Headquarters thereby becoming the first Indian company from the agri-sector to receive this distinction.

Locate locally but trade globally

In a release, the company said K S Oils’ international investments and acquisitions will be led through KSNR, and Singapore will be the centre of its global operations and aims to generate annual revenue of USD 1 billion by the year 2014 through KSNR.

The stock is currently trading at 48.50 with a 52 week high/low of 84.50/30.00.

KSNR aims to become a leading agri-commodity player with interests in palm plantations, oil mills, agri-commodity trading, export and import of edible oils and other value added areas like logistics, port facilities and ocean carriers.

Mr. Sanjay Agarwal, Managing Director, K S Oils said the company wants to replicate our success in India first in Asia and then across the globe.

“With agri-assets and a strong backend supply chain both in India and abroad, we aim to become a leader in one of the key global edible oil market – India. Over the past 12 months we have acquired over 20,000 hectares of palm plantation land in Indonesia and Malaysia and set up our international base in Singapore – both of which are a proof of our commitment and passion for becoming a true MNC agri-commodity player from Asia. I trust Singapore will be our able partner in this journey,” he said.

K S Oils has also unveiled KSNR’s year-old R&D tie-up with the National University of Singapore (NUS).

Being an agri-player, K S Oils is committed towards sustainable and green development and hence has geared its research efforts towards the same. Environmental safeguard, carbon footprint reduction, ecological balance, use of alternate/ renewable energy sources and energy efficiency are the key focus areas of the tie-up.

With its state-of-the-art laboratory and some of the world’s best scientific talent, NUS is helping KSNR develop sustainable palm plantations in South East Asia and create manufacturing efficiencies in its plants in India.