Patanjali Foods Ltd and Telangana State Co-operative Oilseeds Growers’ Federation will invest ₹1,050 crore each to set up palm oil processing facilities in Telangana.

These are among the ₹7,218 crore worth of investment proposals that came up during the day-long conference organised by the Telangana government.

As many as 28 companies signed memoranda of understanding (MoUs) with the government at the conference.

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Varun Beverages Ltd and Four Zero LLP will set up a beverage manufacturing unit with an outlay of ₹829 crore, while Jurala Organic Farms & Agro Industries signed an agreement to set up an ethanol plant with an investment of ₹550 crore.

“Modi Naturals Ltd will set up a distillery for ethanol, solvent extraction of rice bran oil, and a refinery to process the oil with an investment of ₹325 crore. Masqati Dairy Products and Heritage Foods will invest ₹242 crore and ₹150 crore respectively to set up processing plants,” an official of Investment Telangana said.