KS Oils buys 20,000-hectare plantation
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.
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.