Oil Palm India Limitedwas 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 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(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 1-40% 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.
Modern Processing Mill
The Company has established a Modern Processing Mill to process 20Mt. FFB/Hr. with a total investment outlay of Rs.19 crores. . This is the largest Oil Palm processing Mill in the country. The Company is now able to produce high quality Crude Palm Oil from the FFB produced in its Estates and also procured from OPDP farmers. Annual production of Crude Palm Oil comes to about 7000 Metric Tonnes.
A captive power station is also set up for the generation of Electricity. The fibre of Palm Fruits is used as fuel for generation of steam to run the Turbine Generator.
Kernel Oil Extraction Mill
The Company has set up a Kernel Oil Factory on an investment of about Rs.2.5 crores for the extraction of Palm Kernel Oil at Yeroor. Annual production of Kernel Oil comes to about 800 Metric Tonnes.
Modern Rice Mill, Vechoor
As part of diversification, the Company has set up a Modern Rice Mill at Vechoor at cost of about Rs. 8 Crores. The Mill has a capacity to process 40MT. paddy per day.The rice is marketed in hte brand name-'Kuttandau Rice'.