OIL PALM INDIA LIMITED
(A Joint Venture of the Govt. of Kerala & the Govt. of India)
Oil Palm India Limited was established in the year 1977 with the objective of propagating oil palm cultivation in the country and more particularly in Kerala. In 1983 the Company was incorporated as a joint venture of the Government of India and Government of Kerala with share participation of 49% and 51% respectively. The paid- up share capital of the company is Rs.11.78 Crores.
Company has got 3646 Hect. of plantations spread over in three estates viz. Yeroor, Chithara and Kulathupuzha in Kollam District, Kerala. The total employee strength comes to about 1000.
Oil Palm is the richest source of oil. While Oil Palm can give around 3 to 5 Tons of oil per hectare, the yield per hectare of oil seeds like ground nut, sun flower, soyabeen etc. would come to about 1 ton only. The cultivation of Oil Palm is commercially very much viable in comparison with other commercial crops like Rubber, Coconut etc.
PALM OIL OR PALMOLEIN is the oil produced from the red oil palm tree (Elacis Guineensis). Palm Oil is extracted from the pulpy portion (mesocarp) of the fruit of Oil Palm. The Crude Palm Oil is deep orange red in colour and is semi solid at a temperature of 20 degree centigrade. Palm Oil contains an equal proportion of saturated and unsaturated fatty acid containing about 40% oleic acid, 10% linoleic acid, 44% palmitic acid and 5% stearic acid. The unprocessed palm oil is used for cooking in various countries. Palm Oil is a very rich source of Beta Carotene, an important source of Vitamin A and it contains Tecoropherols and Tocotrienols, a natural source of Vitamin E. Vitamin A and Vitamin E contents are the highest in palm oil in comparison with any other types of oil and hence consumption of the same boosts health. By virtue of the high vitamin contents the “Red Palm Oil is a nature’s gift for the human beings”. In view of the rich content of vitamins, palm oil can be utilised for the preparation of cosmetics as well.
The company has been running in profit since past two decades. Pursuant to this we could pay dividend to State and Central Governments for the last 14 years.
Modern Processing Mill
The Company has established a Modern Processing Mill to process 20 MT FFB/ Hr. with a total investment cost of about Rs.20 Crores. The Company is able to produce high quality crude palm oil from the FFB produced in its estates and also procured from
farmers/other organisations. A captive power station is also set up in the factory premises for the generation of electricity by using the fibre of palm fruits is used as fuel for generation of steam to run the turbine