Halder Venture Limited (HVL) has acquired KS Oil Ltd’s manufacturing unit in Haldia, significantly boosting its refining capacity and market reach. The move, approved by the National Company Law Appellate Tribunal (NCLAT) on March 20, 2025, and finalized with physical possession on March 28, 2025, is expected to drive annual revenue growth of over ₹1,500 crore.
The Haldia unit includes a 500 TPD (tonnes per day) edible oil refining facility, a state-of-the-art packaging unit, and 33,000 MT storage tanks. This acquisition expands HVL’s refining capacity five-fold and provides direct port access, allowing efficient sourcing of imported crude edible oil. The company aims to strengthen distribution across Eastern India, including West Bengal, Bihar, Jharkhand, Odisha, the Northeast, and neighboring countries like Nepal and Bangladesh.
Calling it a “landmark milestone,” HVL’s Managing Director Keshab Kumar Halder said the acquisition would enhance efficiency, quality, and distribution. The project is expected to generate over 500 jobs and drive industrial growth. HVL is working closely with regulatory bodies, including the Haldia Development Authority and Haldia Port Trust, to ensure smooth operations.
