The manufacturing unit of KS Oil Ltd in Haldia was successfully acquired by Halder Venture Limited (HVL), a prominent player in the Indian parboiled rice and edible oil manufacturing industry, greatly increasing its operational footprint. Through this acquisition, Halder Venture Limited gains control of a state-of-the-art refinery at Haldia Port with a 500 TPD physical and chemical refining capacity—a five-fold increase over its current plant. HVL will be able to take advantage of the growing demand throughout Eastern India thanks to this strategic expansion, which is expected to generate an annual revenue growth of over Rs 1,500 crore.

On March 20, 2025, the National Company Law Appellate Tribunal (NCLAT) approved the acquisition. On March 28, 2025, the liquidator of KS Oil Limited successfully granted physical possession. The purchase includes a state-of-the-art packaging unit and a facility with 33,000 MT of storage tanks in addition to the refining facility. HVL can now effectively source imported crude edible oil by utilising direct access to the port, doing away with the need for tanker transportation and drastically cutting logistics expenses.

The facility’s strategic location and seamless connectivity by road, sea, and rail enable HVL to expand its distribution network throughout Eastern India, including West Bengal, Bihar, Jharkhand, Odisha, and the Northeast, as well as to neighbouring countries like Bangladesh and Nepal.

This project has the potential to have a major positive economic impact by empowering the local workforce, fostering industrial growth, and providing employment opportunities for more than 500 people in the area. In the edible oil industry, Halder Venture Limited is in a strong position to maintain its market leadership by leveraging innovation, cost reductions, and expanded production capacity. Modern refining technology at the Haldia facility ensures outstanding product quality, reduces waste, and maximizes operational efficiency. To guarantee a quick and smooth operational takeover, Halder Venture Limited is cooperating and working closely with important regulatory bodies, such as the Haldia Development Authority (HDA) and Haldia Port Trust.

For more information, please visit https://halderventure.in/

Priyanka Dutta