Diligent Industries Limited updated that it has just completed the implementation of a green field Multiple Refinery-Vegetable Oil Plant in existing premises in the surplus land available, adjacent to solvent extraction plant. The cost of this greenfield project is INR 150 million out-of which INR 110 million has already been spent and the balance will be infused in a phased manner in the upcoming financial year 2022-23. This green field project is funded out of unsecured loans from the promoters and internal accruals.

All the approvals for commencing the production have already been obtained and commercial production is expected to commence soon. In Phase 1: Refined Bleached Deodorised palm olein process will be commissioned and this has the capacity of 120 ton per day (TPD). Initially, the company can process the following products: 1. Palm Oil; 2. Super Olein and 3. Soft Stearin.