SPS takes over Pailan's Potato Flake unit

Bipin Kumar Vohra, chairman and managing director of the SPS Steel &Power Ltd, said the two groups have made an alliance that is a "win-win"for both --- while Vohra is already into industry, Saha can focus on his core business of education.

"We have taken a 55% stake in the Ascon Agro,"Vohra said, referring to the Pailan group company that runs the flakes unit, a 100% export-oriented unit (EOU) at Dhaniakhali in Hooghly district.

While the stake itself will cost around Rs 4 crore, SPS plans to build a meat processing plant next to the flakes unit and then acquire around 70 acres at the same location which it will develop and promote as a food processing park.

The potato flakes unit, inaugurated in october last year, has just begun trial production. The potato flakes unit can produce 7-8,000 ton potato flakes per annum working at three shifts.

In the next stage, SPS would build a multipurpose cold storage with a capacity of 50,000 tonne of potatoes and 6,000 tonne of vegetables and even milk.