Oil Palm India Ltd.
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.
PALM OIL OR PALMOLEIN is the oil produced from the red oil palm tree(Elaeis 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 Tecopherols 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.
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.
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 nearing completion of the target of 1600 ha. including 84.63 ha. as Front Line Demonstration in Kariland of Kuttanad. 2665 small and marginal farmers are benefited by this scheme. Oil Palm India directly purchases the crop produced by them. The present price is Rs.4500/- per ton of FFB plus transportation charges. 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 XI Five year plan and also to establish a palm oil mill in Northern Region.
For more information, visit: www.oilpalmindia.com