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.
Palm Kernel Oil Extraction Mill:
As part of value addition process, a new plant for producing Kernel Oil from the Palm Kernel has been set up in the factory premises at a cost of Rs.250 lakhs, which could produce about 800 MT of Kernel Oil and 1100 MT of Kernel Cake per year.
Considering the bright future for the development of oil palm in the country and consequent demand for hybrid seeds, the company has established a most modern oil palm seed germination centre at Seed Garden in Thodupuzha. This is the premier institution in India which is capable of producing high quality Tenera seeds. Major chunk of the demand for the seeds in the country was met by import and in view of this project, the import of the seeds can be substantially brought down. Hence the project has got a pivotal role to play for the supply of seeds for the development of oil palm cultivation in the country. Current year about 10 lakhs seeds is proposed to be produced. The production of seeds can be stepped up to 15 lakhs within a span of 2 years.
Oil Palm Development Programme
Oil Palm India Ltd. is entrusted to promote oil palm cultivation amongst the small holders in the state. The Central and State Governments are extending subsidy for the cultivation. The programme is being successfully implemented in the State and the target of 1600 ha. including 85 ha. as Front Line Demonstration in Kariland of Kuttanad is being completed. Oil Palm India directly purchases the crop produced by them. The present rate of subsidy given to farmers is Rs.23,000/- per ha. It is proposed to cultivate 2000 Ha. area under the scheme during the ensuing XII Five year plan and also to establish a palm oil mill in Northern District.
Modern Rice Mill, Vechoor, Vaikom.
As part of diversification of the activities, the Company has set up a Modern Rice Mill at Vechoor, Vaikom. The mill has a capacity for processing 12000 MT of paddy per annum and Rice is marketed in the brand name ‘Kuttanadu Rice’. The Mill has commenced commercial production.