Ruchi Soya Industries Limited has announced a Joint Venture with J-Oil Mills Inc. The Board of Directors of Ruchi Soya consented to form the Joint Venture Company. Ruchi Soya will have 51% stake in the JV; J-Oil will have 26% & TTC will have 23% stake. The JV company is planning to enter in to the business of production and marketing of high quality, functional edible oils.

The Board of Ruchi Soya has approved the sale and transfer of Soya processing business of the company being run at its plant situated at Shujalpur, in the state of Madhya Pradesh to the proposed JV. The JV will be managed by a Board consisting of representatives from all the three companies. The JV plans to start supplying products to the institutional customers by the end of 2013 and launch high quality consumer products for the Indian markets in the second half of 2014.