Business World

Angré Port and Arjun Refinaries Angré Port has leased five acres of its industrial backup land, to Arjun Refinaries for setting up an edible oil refining-cum-packaging facility in Mumbai. Having a port based refinery cuts logistics costs for Arjun Refineries, avoiding the first leg of transport from the port to a hinterland refinery completely, and also gives the company access to new markets in Maharashtra, North Karnataka, and Goa. The lease is for 30 years. Under the terms of the lease, Arjun Refinaries will use the land to establish a refinery and packaging unit. It will commence operations within the next two months, with a capacity of 50,000 tons per year in Phase One,ramping up to 100,000 tons in Phase Two. Angré Port will support Arjun Indo Agro Oils in the import of raw materials, and the clearance and storage of cargo through a tank terminal which will have dedicated pipelines to the refinery. About Arjun Refinaries :  Arjun indo Agro Oi...