N K Industries Ltd

N K Industries Ltd

Formerly known as N K Oil Mills N K Industries (NKIL) extracts and refines castor oil. A government-recognised Export House it has doubled its refining capacities besides adding facilities to manufacture castor oil derivatives. The project was funded by a public issue in Aug.'94. NKIL changed its conventional manufacturing process of oil milling and refining to incorporate the latest technology -- oil decanters vertical continuous solvent extraction plant continuous oil refining energy-efficient hydrogenous plant and quality fatty acid production plant -- making it an integrated complex.The product (castor oil) used in the lubricant paint cosmetic and pharmaceutical industries is also used in foreign countries as a major source of natural chemicals. The company exports to Europe Brazil and the US -- the three major consumers of castor oil. NKIL received the Gujarat government's export award for 1992-93. It has set up a trading branch in London UK in accordance with its plan to enter the global market for agricultural commodities. In Apr.'97 it took over K V Patel & Co a partnership firm engaged in the business of dealing in edible and non-edible oils.During the year 1998-99 the company has been declared a sick company due to the mounting losses and accordingly has been referred to BIFR for rehabilitation.