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. From 1983 onwards the Company started functioning as a joint venture of the Government of Kerala and Government of India with share participation of 51% and 49% respectively. The paid-up share capital of the company is Rs.11.78 Crores.
Oil Palm India Limited has got a total planted area of 3646 Hect. of plantation spread over in three estates viz. Yeroor, Chithara and Kulathupuzha in Kollam District, Kerala. The total employee strength is 948.
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.
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.
Since 1987 the company was making marginal profit and from 1992 onwards the performance has been quite encouraging. Persuance and hard work of the employees and cost reduction measures helped the company to register a phenominal growth. During the fiscal year 2006 – 07 the company attained a pre tax profit of Rs.12.13 Crores. The company had paid dividend for the last ten years.