Ruchi Soya bags two prestigious Globoil awards for business excellence

ANI | Updated: Sep 20, 2017 19:42 IST

Mumbai [India], Sep 20 (ANI-BusinessWireIndia): Ruchi Soya Industries Limited has been conferred with two prestigious recognitions for Business Excellence for Crushing and Edible Oil Imports at Globoil India 2017.

The awards were presented by Yogishri Swami Ramdev and Ram Vilas Paswan, Minister of Consumer Affairs, Food and Public Distribution during a ceremony held in Mumbai recently.

Ruchi Soya bagged the foremost Gold recognition for Crushing; while it was presented the honourable Silver trophy in the category of 'Highest Importer of Edible Oil'.

"We are delighted to receive these awards for Business Excellence in a premier forum like Globoil at the hands of eminent and respectable dignitaries like Swami Ramdev and Shri Ram Vilas Paswan. The awards are a testament of our constant endeavour to create value for our customers and motivates us to strive for more distinctions," said COO - Ruchi Soya Industries Limited, Satendra Aggarwal.

"On the operational front, the outlook is positive. Adequate rains promise a good oilseed harvest. Our crushing and refining operations at our key plants are proceeding well. The policy climate is also positive with the hike in import duty by the Government promoting domestic crushing and refining. Our other businesses, including the plantations and the brands are also doing well. The recent decision to evaluate subsidization and unlock value of the diverse businesses will also give a boost to the businesses," said Aggarwal.

Established in 1997, Globoil is one of the world's largest events in the Vegetable Oil, Feed and Feed Ingredients, Oilseeds and Oleochemicals industry which is organised annually in India. (ANI-BusinessWireIndia)