©

Ruchi Soya Industries Limited

October 2010

Disclaimer

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• This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any

securities of Ruchi Soya Industries Limited (the "Company"), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any

contract or investment decision in relation to any securities of the Company.

• This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any

medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without

notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.

• This document contains statements about future events and expectations that are forward-looking statements. These statements typically

contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of

historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our

actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or

implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be

taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which

such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions,

fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual

results, changes in assumptions or changes in factors affecting these statements.

• You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that

you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of

the Company.

• This document speaks as of October 4, 2010. Neither the delivery of this document nor any further discussions of the Company with any of the

recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date

Page 1

Overview of Ruchi Soya Industries Ltd.

2633

39

52 48

76

91

117127

144

0

20

40

60

80

100

120

140

160

FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10

Overview of Ruchi Soya Industries Limited

Company Profile Capacity

One of the leading manufacturers of high quality edible oils, vanaspati,

bakery fats and soya foods in India

Annual turnover of over US$3.1Bn(1) in FY10

Among the top Indian FMCG players

Branded portfolio including Nutrela, Ruchi Gold, Sunrich and Mahakosh

Present across the value chain with access to over 175,000 hectares of land

in India for palm oil plantations

Listed on BSE, NSE & DSE with market capitalisation of ~US$870 Mn(1) (as

of October 1, 2010)

Ongoing discussions for securing land for soya / palm plantation in

geographies including Ethiopia and Cambodia and other geographies

Growing Sales (2) Business Overview (2)

Capacity growth

0.6 0.6

2.94.0

0.1 0.3

2.1

2.2

0.10.1

0.5

0.5

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

1998 2002 2008 2010

Crushing Refining Vanaspati

Revenue mix (FY10) EBIT mix (FY10)

Page 3

Crushing: CAGR 1998-2010: 17%

Refining: CAGR 1998-2010: 29%

Vanaspati: CAGR 1998-2010: 22%

Revenues (INR Bn)

Oils71%

Extractions14%

Vanaspati6%

Food products2%

Others7%

Oils63%

Extractions18%

Vanaspati5%

Food products3%

Others11%

(1) Assuming INR/USD of 46.0(2) On the basis of consolidated financials

(MT/Yr)

Page 4

Edible Oil Segment

1.Standalone sales of edible oil segment of Ruchi Soya Industries Ltd.; excludes the sales for captive consumption

2. Market share estimated based on edible oil sales of Ruchi Soya (excluding captive consumption) and Industry edible oil consumption based on USDA FAS data.

3. The Company caters to the listed Institutional customers on a non-exclusive basis,

The Company has a strong position in the edible oil segment with an estimated market share of ~15%. The company has

also witnessed growth over the last 3-4 years in the institutional segment, which caters to institutional customers(3) like,

Parle, Britannia Industries, Cadbury India, Nestle India, Lotte India, Bunge India, and ITC

1,243

1,5351,598

2,380

0

500

1,000

1,500

2,000

2,500

FY07 FY08 FY09 FY10

10.5%

11.8%

10.8%

15.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

FY07 FY08 FY09 FY10

Ruchi Soya edible oil sales(1)

Ruchi soya edible oil segment:

CAGR FY07–FY10: 24%

Indian edible oil: CAGR FY07–FY10: 10%

(000’MT) FY07 FY08 FY09 FY10

Industry edible oil consumption 11,807 12,970 14,761 15,632

000’MT %

Ruchi Soya edible oil market share(2)

Source: USDA FAS

0.1 0.1 0.1

0.30.4

1.0 1.0

2.1 2.1 2.12.2 2.3

Evolution of Ruchi Soya Industries

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Consolidated Revenues (INR Mn)

Page 5

Expansion of extraction and refining capacity

Focus on branded products

Increased port based refining

Focus on developing upstream business

Secure access to 175,000 hectares of palm

plantation in India

Efforts to secure international land bank access

underway

Revenues (INR Mn)

2006: International

Equity Offering (GDR) of

~US$60Mn

2009-2010: Acquisition

of Palm Tech and Mac

Oil Palm(1)

Refining Capacity (MT)

Primary focus on inland crushing

High proportion of revenue from trading activities

Consolidation of group

companies engaged in

soya and edible oil

businesses, through

scheme of amalgamation.

Leading to increase in total

capacity of the Company

1. Secured access to 75,000 hectares of oil palm plantations and added palm fruit processing capacity of 518,400 MTPA as a result of the Mac Oil and Palm Tech acquisitions

Key Highlights

Key Highlights

Favourable

Industry

Dynamics

Scale & Extensive

Distribution

Reach in India

Strong Brands in

India

Strong Risk

Management

Experienced

Management

Page 7

Fully Integrated

Operations

Strong Market

Position in Edible

Oils in India

43% 17% 14% 9%

7%

5%

4%Palm SoyabeanRapeseed PeanutCottonseed SunflowerseedOther

Global Industry Overview

World Edible Oil Consumption World Edible Oil Production

India is a leading consumer of edible oil with high growth expectation

Palm and Soyabean oil constitute ~61% of the Global Edible Oil Demand

Page 8

Indonesia

18%

Malaysia15%

China13%Europe

12%

United States

7%

Argentina

5%

India5%

Other26%

Source: Global Edible Oil Demand as per USDA FAS

Source: USDA FAS

Source: USDA FAS

Indonesia

37 41 44 45

36 38 36 38

1718 20 2211 10 12 112021 21 21

0

20

40

60

80

100

120

140

160

FY07 FY08 FY09 FY10

(MnT)

Palm oil Soyabean oil Rapeseed oil Sunflowerseed oil Others

Brazil4%

China20%

Argentina

2%

Europe17%

India11%

United States

8%

Others37%

Argentina

FY07-FY10

CAGR

Argentina

6%

2%

9%

3%

2%

India Edible Oil Industry: High growth potential

Indian Edible oil demand being substantially met by imports as domestic

production has lagged

Oil Consumption growing inline with growth in

population …

…getting turbo charged by growing per capita

income

Edible oils have a significant share in Indian agricultural imports

Source: USDA FAS Page 9

Source: USDA FAS, IMF

Source: USDA FAS

Significant growth in per capita consumption can be

expected as Indian per capita GDP continues to grow

Source: USDA FAS, IMF

India

Pakistan

Indonesia

China

Argentina

Mexico

Brazil

Russia

10

12

14

16

18

20

22

24

26

0 2,000 4,000 6,000 8,000 10,000 12,000

Per capita consumption (kg / yr)

GDP / capita (US$)

Edible Oil43%

Wood Products

16%

Pulses16%

Cashew Nuts7%

Fruits & Nuts6%

Cotton5%

Others7%

Robust growth in consumption of edible oil .. Rising deficit with domestic production not being able to keep pace

6 7 6 7 7 6 7

5 5 56 8 9

9

0

4

8

12

16

20

FY05 FY06 FY07 FY08 FY09 FY10 FY11

MnT

India ProductionIndia Imports

CAGR Imports: 11%

CAGR Production : 2%

443

446

459

523

601

694

763

945

1,021

1,031

1,124

0

2

4

6

8

10

12

14

16

0

200

400

600

800

1,000

1,200

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010F

2011F

(Kg / year)

GDP / capita Per capita consumption

US$

1,0431,060

1,078

1,096

1,113

1,131

1,148

1,165

1,182

1,199

1,216

0

2

4

6

8

10

12

14

16

18

950

1,000

1,050

1,100

1,150

1,200

1,250

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010F

2011F

Mn MT

Population Total oil consumption

Mn

Source: USDA FAS, IMF

947 1,054 1,038 1,049

3,671

5,065

6,475 6,750

1,433

1,582

1,4551,385

2,133

1,967

2,0952,252

2,500

2,330

2,3002,670

600

398

731

852

523

574

667

674

0

4,000

8,000

12,000

16,000

FY07 FY08 FY09 FY10

000'MT

Cottonseed Palm Peanut

Rapeseed Soybean Sunflowerseed

Other

India Edible Oil Industry: High growth potential (Cont’d)

India Edible Oil Imports

Page 10

Source: USDA FAS

India Edible Oil Consumption

Palm oil consumption in India has seen significant growth, and is primarily met through imports, leaving significant room

for growth in domestic production

3,650

5,015

6,8676,400

1,447

733

1,0601,500

203

18

583 550

140

151

230 230

0

3,000

6,000

9,000

FY07 FY08 FY09 FY10

000'MT

Palm Soybean Sunflowerseed Other

Source: USDA FAS

11,807

12,970

14,761 15,632

5,440

5,917

8,740 8,68010%

22%

FY07-FY10

CAGR

17%

21%

FY07-FY10

CAGR

Scale & Extensive Distribution Reach in India

Pan India Presence

CitiesActivity Access to

PortsCrushing Refining Vanaspati Soyafood

1 Jammu

2 Ganganagar

3 Baran

4 Kota

5 Guna

6 Kandla

7 Shujalpur

8 Jabalpur

9 Piparia

10 Gadarwara

11 Haldia

12 Manglia

13 Nagpur

14 Washim

15 Daloda

16 Patalganga

17 Mangalore

18 Chennai

19 Palm Mills(1)

Page 11

Manufacturing facilities across 21 locations in India, giving

access to markets across India

86 company depots (with storage and other logistical facilities)

which serve 4,230 distributors across the country reaching

510,000 retail outlets

All refining plants located near ports, providing easier access to

imported edible oil

Distribution through pipes at ports saves transport cost and time

Inland crushing plants located in key soyabean and mustard

producing states

Crushing in

Soya bowl of

India

Proximity to

Ports

Pan India

Footprint

Strategically located facilities striking the right balance between proximity to raw materials (cultivating states and ports)

and proximity to markets, with an aggregate daily crushing capacity of 13,450 MT of oilseeds and aggregate refining

capacity of 7,570 MT of oil

2

3

16

1718

11

6 1314

12

4

7

15

10

8

9

Depot

Plant location

Office

Jammu

Parwanoo

Damtal

Dehradun

Amritsar

Rajpura

ChandigarhLudhiana

Bhatinda RoorkeeKarnal Meerut

Barelly

Saharanpur

Gurgaon Delhi

Hapur

Kanpur Agra Allahabad

Gorakhpur Guwahati

Patna

DhanbadRaniganj

Siliguri

Haldia

Kolkata

Ranchi

JeyporeSambalpur

Cuttack

JabalpurGwalior

Gaderwada

Raipur

BilaspurNagpur

Warangal

Berhampur

Vijaywada

Hyderabad

VizagOngole

KakinadaTirupathi

Kurnool

Gulbarga

Davangere

Guna

Piparia

Shujalpur

Manglia

Indore

Sriganganagar

Jaipur

Jodhpur

Sumerpur

Baran

Kota

Udaipur

Kandla

Ahmedabad

Nashik

PuneMumbai

Bhiwandi

Patalganga

Belgaum

Goa

Manglore

ShimogaBanglore

Kumbakonam

Chennai

Mysore

Hassan

Kasargod

Cochin

Palghat

Calicut

Trichy

Pondicherry

Vellore

Madurai

Villupuram

Erode

Salem

Bellary

Bijapur

Hubi

Varanasi

Rewari

Coimbatore

Manufacturing locations

Note: Distribution network as of September 24th ;

(1) Includes Palm crushing plants of Palm Tech situated at Kakinada and Mysore (Leased) and

Palm crushing plant of Mac Oil situated at Vijaywada.

Highlights19

1

Washim

Daloda

5

9

18

23

32

37

33

0

5

10

15

20

25

30

35

40

FY05 FY06 FY07 FY08 FY09 FY10

INRBn

Nutrela – Food products/

Refined Oils (Soyabean,

Groundnut, Cottonseed,

Sunflower, Mustard and

Ricebran)

Nutri Gold – Vanaspati

Mahakosh – Refined Oils

(Soyabean, Groundnut,

Cottonseed and Ricebran) /

Vanaspati

Sunrich – Refined Sunflower

Oil

Ruchi Gold – Refined Oils

(Mustard and Palmolein)

Ruchi Star – Refined

Soyabean Oil

Strong Brands in India

Pre

miu

m

Page 12

Track record of successfully creating brands in a highly commoditized industry

Key Brands Branded Sales

Va

lue

Ma

ss

18%

23%

Branded Sales as % of

Consolidated Total Sales

Fully Integrated OperationsHealthy mix of midstream and downstream, and well on its way to develop an upstream business

Origination

– Palm plantations across

Andhra Pradesh, Karnataka,

Mizoram, Gujarat, Orissa and

Tamil Nadu

– Exclusive access to total

agricultural land of 175,000

hectares

Processing

– Daily capacity (MT):

– Crushing:13,450

– Crude Oil: 2,421

– Soya Meal: 11,029

– Refining: 7,570

– Vanaspati & bakery fats:

1,565

– Textured soya protein: 507

– Edible soya flour: 200

Products

– Key products

– Edible oil

– Seed extractions,

– Vanaspati

– Food productions

– Key brands include Nutrela,

Ruchi Gold, Ruchi Star,

Sunrich and Mahakosh

Merchandising and

distribution(1)

– 86 company depots through

India with storage and

logistical facilities

– Pan India distribution network

covering 4,230 distributors

Origination CustomerProcessing Products

Merchandising

and

distribution

Finance / Risk management / Logistics coordination

Information flows / Visibility across value chain

Page 13(1) Distribution network as of September 24th

Strong Risk Management

Page 14

Source: IMF

Rapeseed refers to - Rapeseed Oil; Crude, fob Rotterdam

Soya refers to - Soybean Oil, Chicago Soybean Oil Futures (first contract forward) exchange approved grades, US$ per metric tonne

Palm refers to - Palm oil, Malaysia Palm Oil Futures (first contract forward) 4-5 percent FFA, US$ per metric tonne

The Company has effectively maintained revenue growth and profitability through the volatility of commodity cycles, over the

last decade

261361 320

383505

851

1,036

1,658

974

1,777

0

400

800

1,200

1,600

2,000

FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Ap

r-9

8

Oct-

98

Ap

r-9

9

Oct-

99

Ap

r-0

0

Oct-

00

Ap

r-0

1

Oct-

01

Ap

r-0

2

Oct-

02

Ap

r-0

3

Oct-

03

Ap

r-0

4

Oct-

04

Ap

r-0

5

Oct-

05

Ap

r-0

6

Oct-

06

Ap

r-0

7

Oct-

07

Ap

r-0

8

Oct-

08

Ap

r-0

9

Oct-

09

Ap

r-1

0

(US$ / MnT)

Rapeseed Soya Palm

Consolidated Net Income (INR Mn)

2633

39

52 48

76

91

117127

144

0

20

40

60

80

100

120

140

160

FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10

Consolidated Revenues (INR Bn)

Experienced Management

Experienced management team with over four decades of industry experience

Credited with the growth and development of the soya and soya processing industry in India

Key members have served or are currently serving as officers of various industry bodies, recognizing their standing in sector

Managing Director of Ruchi Soya Industries Ltd. since 1986

Over 30 years of experience in the soya and edible oil industry

Also serves as a Non Executive Director of Ruchi Infrastructure Ltd.

Mr. Shahra holds a degree of Bachelors in Chemical Engineering

Responsible for operations in all the port based refineries

Over 16 years of experience in the relevant operations, including in Ruchi Soya since 2006

Mr. Shahra holds a degree of Bachelors in Commerce and Masters in Business Administration

Oversees Strategy, M&A and International Expansion

Previously, served as the President and Chief Executive of Agri Business and Food Supply Chain at

Reliance Retail Limited from 2006 to May 2010

Mr. Asthana has previously also held the position of business head, grains and oilseeds, at Cargill

Joined Ruchi Soya Industries in 2009

Previous experience includes 16 years in Asian Paints (holding positions including, Regional Head-

S.Pacific, China & Hongkong and CEO for Bangladesh and Dubai) and 4 years in ITC Ltd. (Agri Business)

Core Management Team

Source: Company.

Over 22 years of experience, including ~15 years in Ruchi Soya

Responsible for Finance and Treasury operations

Qualified chartered accountant, cost accountant and company secretary

Mr. Dinesh Shahra

Managing Director

Mr. Nitesh Shahra

President,

Refinery Business

Mr. Sanjeev Asthana

Additional Director

Mr. V. Suresh Kumar

Head, Corporate

Finance

Mr. RV Ramanujam

Chief Operating Officer

Page 15

Strong Market Position in Edible Oils in IndiaAmong the oldest and most established edible oil players in India

Market Position in India(1) Select Awards Received

Page 16

National energy conservation awards

Edible oil / Vanaspati

Globoil gold awards

Management awards Ruchi soya awards

Globoil man of the year 2010

Nitesh Shahra

Globoil man of the decade

award in the year 2006

Dinesh Shahra

Legend of the year 2003

Kailash Shahra

Highest exporter of oil meals

(2010/ 09 / 07 / 06 / 04 / 03 / 00 /

99 / 98)

Highest importer of edible oil

(2010/ 09 / 07 / 06 / 03 / 98)

Outstanding Performance for a

decade in Import of edible oil (09)

Outstanding Performance for a

decade in Export of oil meal (09)

1st

1st

Chennai Plant (2008)Chennai Plant (2007)

Karnataka Plant (2009)2nd

2nd

Among the leading importers of edible oil

Among the leading exporters of meal/oil seed extracts

Exports/Imports

Among the largest capacities

Crushing capacity (13,450MT/day)

Refinery capacity (7,570MT/day)

Access to one of the largest palm oil plantations in India

Capacity

One of the leading Indian Edible oil players in terms of Volumes

Very strong position in Palmolein Oil

Extensive portfolio of brand sales in edible oil segment

Branded Products

1stGujarat plant (2008)

1st

(1) Based on company estimates

Business Strategy

Expansion into upstream business in order to enhance margins as well as secure supply chain

Improving ability to source raw materials required from multiple sources in a timely and cost effective manner, with reduced

dependence on third parties

In FY2010, the Company acquired 2 entities with exclusive rights to cultivate palm plantations in two of the key palm

producing states in India

The Company entered into MoU with State governments securing access to a portion of the palm fruit produce at certain

plantations

Sustained expansion in capacity to meet the growing demand of Edible oil in India, in addition to helping the

Company realize efficiencies and economies of scale

In the process of expanding CPO (crude palm oil) refining capacity by 1 Mn MTPA by FY2011

Focus on maintaining leadership position in the branded edible oils segment in India

Increase of sales and marketing efforts in regions where the Company does not have a strong presence, particularly towns

with population less than 50,000

Increased focus on R&D activities on expanding product range

New health-focused product development to be marketed under the “Nutrela” brand

Potential introduction of new zero-transfat vanaspati product , as well as other new palm and soya products

Diversify geographic footprint, and enhance scale and reach of operations

Explore opportunities to produce and sell edible oil in other emerging markets

Ongoing discussions for securing land for soya / palm plantation in geographies including Ethiopia and Cambodia and other

geographies

Backward

Integration

Page 17

Expansion of

installed capacity

Greater focus on

branded portfolio

Increasing Global

Presence

Key Highlights

Favourable

Industry

Dynamics

Scale & Extensive

Distribution

Reach in India

Strong Brands in

India

Strong Risk

Management

Experienced

Management

Page 18

Fully Integrated

Operations

Strong Market

Position in Edible

Oils in India

Appendices

Market and Ownership Overview

Sr No. Name of the shareholder

Shares as % of

total no. of shares

1 Vs Net Ltd 8.5%

2 Albula Investment Fund Limited 5.7%

3 Cresta Fund Limited 5.7%

4 Aiwo Ltd 4.2%

5 Merdale Investment Co. Limited 1.6%

6 Clemfield Industries Limited 1.5%

7 Idfc Premier Equity Fund 1.5%

8 Pacific Corporate Services Limited 1.1%

Total 29.9%

Top Holders (1) Shareholding Pattern (2)

Indexed Stock Price Performance - 5 years

Equity Capital

Face Value @ INR 2INR 622Mn

Closing Price(3) INR128.7

52 Week – High – LowINR142.4 (H)

INR76.5 (L)

No. of shares outstanding (Mn) (3) 311.0

Market Capitalization(3) INR40Bn (US$870Mn)

1. Source: NSE, Top Non-Promoter holders as of June 30, 2010

2. Source: NSE, as of June 30, 2010.; promoter holding to increase to over 51% post allotment of additional shares pursuant to scheme of amalgamation with Mac Oil Palm and Palm Tech India.

3. As of October 1, 2010; Assuming INR/USD of 46.0

4. Source: NSE

Capital Market Data(3)

Page 20

158%

0

50

100

150

200

250

300

350

08/2005 06/2006 04/2007 01/2008 11/2008 09/2009 07/2010

Indexed

Ruchi Soya

Summary Financials – Consolidated

INR Mn FY07 FY08 FY09 FY10

Consolidated Profit and Loss statement:

Total Revenue 90,695 117,202 127,423 143,943

EBITDA 3,034 4,385 2,905 4,442

PBT 1,610 2,639 1,572 2,809

PAT 1,036 1,658 975 1,777

Consolidated Balance Sheet

Net Fixed Assets Incl. CWIP 10,780 12,017 14,137 20,942

Current Assets, Loans and Advances 32,185 51,369 49,951 57,709

Current Liabilities and Provisions 17,358 31,817 32,739 34,148

Loans 16,091 19,898 18,515 24,561 (1)

Share Capital 817 1,054 1,055 825 (2)

Reserves and Surplus 8,219 10,199 11,005 18,638 (3)

Page 21

Source: Company filings

1. Including short term loans of INR13,302 mn, which are guaranteed by banks against fixed deposits with the banks

2. Share capital takes into account redemption of preference shares capital

3. Includes increase of INR3,616 mn on account of revaluation of fixed assets pursuant to scheme of amalgamation

90

117127

144

0

40

80

120

160

FY07 FY08 FY09 FY10

INR Bn

Summary Financials - Consolidated

Source: Company Filings

1. Net Worth takes into account the redemption of preference shares and revaluation of fixed assets pursuant to scheme of amalgamation Page 22

Revenues EBITDA Net Income

Net Worth(1) Total Assets Debt/Equity Ratio

3.0

4.4

2.9

4.4

0

1

2

3

4

5

FY07 FY08 FY09 FY10

INR Bn

1.0

1.7

1.0

1.8

0

1

2

FY07 FY08 FY09 FY10

INR Bn

43

63 64

79

0

20

40

60

80

100

FY07 FY08 FY09 FY10

INR Bn

911 12

20

0

10

20

30

FY07 FY08 FY09 FY10

INR Bn1.8 1.8

1.5

1.3

0.0

0.4

0.8

1.2

1.6

2.0

FY07 FY08 FY09 FY10

Illustrative Process Flow Diagram

Soybean extraction plant

Page 23

Beans

Full Flat Flakes

Refined Soya Oil

Vanaspati

Dom Bagging

Cleaning, Cracking, Dehulling, Conditioning, Flaking

Defatted Soya Flakes

Oil Extraction

Soya Flour

Grinding

Textured Soya Protein

ExtrusionSoya Meal

Toasting

Grinding/Grading

Hydrogenation

Crude Soyabean oil

Abbreviations

Page 24

Abbreviations Used Description

FY Financial Year

Mn Million

Bn Billion

yr Year

MT Metric Tonnes

MTPA Metric Tonnes per annum

BSE Bombay Stock Exchange

NSE National Stock Exchange

DSE Delhi Stock Exchange

INR Indian Rupee

US$ United States Dollar

USDA FAS United States Department of Agriculture Foreign Agricultural Service

IMF International Monetary Fund