Ruchi Soya in pact with IndianOil
New Delhi   26-Mar-2010
Leading soya producer ‘Ruchi Soya Industries Ltd’ and public sector oil major IndianOil have signed a limited liability partnership (LLP) agreement to undertake jatropha plantation in Uttar Pradesh for manufacturing biofuel. The two partners have agreed to form a separate joint venture IndianOil-Ruchi Biofuels LLP at a project cost of Rs 436.63 crore. A major part of the project cost will be funded by the government of Uttar Pradesh under the National Rural Employment Guarantee Scheme.