Cooking oil business is Booming: Mahalaxmi of Triveni and Shiv Shakti Group made a guide of 6.5 billion in the same year.

Cooking oil business is Booming: Mahalaxmi of Triveni and Shiv Shakti Group made a guide of 6.5 billion in the same year.
December 9, 2022

Mahalaxmi Solvent and Refinery Pvt Ltd, run by Triveni and Shiv Shakti Group, has done a business of 6.5 billion in one year. In the year 2022, the company did a business of 6 billion 496 million rupees (unrefined).

 

The company had a business of 5.76 billion rupees in 2021 and 3.26 billion rupees in 2020. According to the company, business has continuously increased by 35 percent in the last 5 years. Similarly, it is mentioned that the business of the company increased by 35 percent in 2022.

 

The company has been importing raw materials from various countries, processing them and exporting them to the domestic market. The company has the capacity to process 56 thousand metric tons of soybean and palm oil annually. Similarly, the company has started sunflower oil processing industry since 2022. The company says that it will soon generate income from the said industry.

 

The company headed by Virendra Kumar Sanghai has given a rating of 4 billion 428 million rupees for long term and short term loans. In which the company has received an Afore Plus rating.

 

While the company has been importing raw materials from third countries, it has been exporting refined oil to India. The company exported 54 percent of its revenue in 2021. Similarly, 74 percent of the income in 2022 was exported.

 

In 2022, the company exported oil worth 4.77 billion rupees to India. The production of raw materials required for oil in Nepal is very weak. There is a high demand in the market but the production is very weak, so it is forced to import.