Universal Udyog to invest Rs 130 crore in coming 18 months

18 May 2017

Universal Udyog Ltd has decided to expand its business in Edible Oil. Presently the company is having its own plant in Belgharia Industrial Estate in West Bengal and Agra in UP where packaging of Mustard Oil, Soya Oil are done. The company which sells under the brand name “Universal”. Due to huge demand of it's products, has decided to set up packaging units unit in Dankuni in Kolkata and Gorakhpur in UP. In Jhansi, the company has acquired 40 bighas of land for setting up a manufacturing unit.
Binay Singh, chairman emphasizes, that the 40 bighas of land, which has been acquired in Jhansi of UP will have a crushing unit installed within 12 months. The company will build a warehouse for storage of the raw materials.
The company plans to invest Rs.130 crores for the purpose in the coming 18 months. Mr Singh further states, that as on date, the daily production is 1600 tons in the exiting unit, which will increase to 5000 tons. (EOIC)