Tue, 01 Apr 2008
India's KS Oils Ltd said on Wednesday (26/3/08) it has acquired 20,000 hectares of palm plantation in Indonesia, where it will invest 2.3 billion rupees ($57.5 million) over a period of three years, Reuters reported.

The plantation will yield 80,000 metric tonnes annually, a statement said. Earlier, the firm had said it planned to set up a 15,000-acre plantation in Indonesia.



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