Halder Venture acquires K S Oil's Haldia unit, eyes ₹1500cr revenue growth

Kolkata-headquartered over a century-old Halder Venture Limited (HVL), a leading player in the Indian parboiled rice and edible oil manufacturing sector, has now acquired the manufacturing unit of KS Oil Ltd in Haldia, significantly expanding its operational footprint.

- STATESMAN NEWS SERVICE

This acquisition brings under Halder Venture Limited's control a cutting-edge refining facility at Haldia Port, boasting 500 TPD physical and chemical refining capacity - a five-fold increase over its existing plant.

This strategic expansion, according to top company officials, is set to drive annual revenue growth of over Rs 1,500 crore, enabling HVL to capitalize on burgeoning demand across Eastern India.

The acquisition was approved by the National Company Law Appellate Tribunal (NCLAT) on March 20, 2025 and subsequently successful physical possession was given by the liquidator of KS Oil Limited on 28 March, 2025.

In addition to the refining facility, the acquisition encompasses 33,000 MT storage tanks facility and a state-of-the-art packaging unit. Leveraging direct access to the port, HVL can now efficiently source imported crude edible oil, eliminating reliance on tanker transportation and significantly reducing logistics costs.