Ankesh Shahra receives CSR Award for Community Development

Mumbai, February 20, 2013: Ruchi Soya Industries Limited (Ruchi Soya) has been felicitated with the CSR Award for Community Development during the World CSR Congress. Mr. Ankesh Shahra who manages the international businesses of Ruchi Soya and participates in the CSR activities of the Company was honoured with the felicitation at a glittering event in Mumbai. Dr. Christoph Stueckelberger, Executive Director and Founder of Globethics and Dr. Bhaskar Chatterjee, Director General & CEO, Indian Institute of Corporate Affairs handed over the trophy and citation to Mr. Ankesh Shahra.

Commenting on the occasion, Mr.Ankesh Shahra stated, “I am very for honouring Ruchi Soya with the award for Community Development. Ruchi believes in sharing its growth with every stakeholder and giving back to the society in a sustainable and transparent manner. A big congratulations to the team.”

An Integrated player from farm to fork, Ruchi Soya has secured access to oil palm plantations in India and other important parts of the world. Besides being a leading manufacturer of high quality edible oils, soya foods, vanaspati, and bakery fats, Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the sector.

Featuring among the top five FMCG players in India, Ruchi Soya is India’s number one cooking oil maker and marketer through popular brands like Nutrela, Ruchi Gold, Mahakosh and Sunrich. Ruchi Soya is working closely with the communities around its plants in Patalganga and Nagpur in Maharashtra. Ruchi Soya believes in the concept of ‘Giving back to the Society’. The corporate social initiatives of Ruchi Group are executed through Shri Mahadeo Shahra Sukrat Trust with the focus on three core areas of Health, Education and Women Empowerment.

Source: http://planetcorporatenews.wordpress.com/2013/02/22/ankesh-shahra-of-ruchi-soya-receives-csr-award-for-community-development-at-global-csr-congress/

Ruchi Soya Q2 profit soars 17-fold

Edible oil producer Ruchi Soya today reported about 17-fold jump in its standalone net profit to Rs 65.66 crore for the quarter ended September 30, 2012 on better realisation from exports.

The Mumbai-based company had posted a net profit of Rs 3.78 crore in the year-ago period, it said in filing to the BSE.
The standalone net sales of the soyabean products exporter, however, declined by about 12 per cent to Rs 5,391.33 crore in the second quarter of the current fiscal against Rs 6,093.13 crore in the same quarter period of 2011-12 fiscal
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“Better sales realisation of Soya extraction and exports and favourable business sentiments towards the end of the quarter helped us to get profit on the track,” Ruchi Soya Managing Director Dinesh Shahra said.

Price parity was restored in the import of crude oil and refining business as the government of India has eliminated taxation anomalies since August 2012, he added.

Shahra said the future outlook is bright following record sowing of soyabean crop in the country.“With the highest ever Soya crop in the current season in India, we are expecting better utilisation of our crushing capacities. Also the business sentiments improving, we are hopeful about achieving better utilisation of our refining facilities at port based locations,” he said.

Ruchi Soya is thus hoping that its financial performance will be far better during the current fiscal, Shahra added.
A leading producer of edible oils, soya foods, vanaspati and bakery fats, Ruchi Soya is also a major exporter of soya meal, lecithin and other food ingredients from India.

Shares of the company at 1310 hours were ruling at Rs 68.25, down marginally by 0.58 per cent from its previous close at the BSE.

Source: http://planetcorporatenews.blog.com/

Government Approved various Certification courses for Shahra Trust

Shri Mahadeo Shahra Sukrat Trust is a Public Charitable Trust duly registered by Registrar of Public Charitable Trust, Indore, and was formed in 1976 specially to initiate the corporate social responsibility initiatives of Ruchi.

Government of India has approved various certificate courses like “Beauty Culture and Health Care” and ”Fabric Painting and Warli Painting” which was conducted by Shahra Trust. The Trust initially undertook relief work for the underprivileged in the areas of health, education and other sectors at Manglia, Indore, Madhya Pradesh where the largest and first production plant of Ruchi is situated. Dinesh Shahra and Ankesh Shahra are part of Shahra Trust.