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In an another development, GRSL also bagged three prestigious awards from the Solvent Extractors' Association (SEA) of India SEA Awards for the 2010-11 for second year in a row, thereby, exhibiting its leadership in the Indian edible oil industry.
Praveen Khandelwal, VP, Corporate Strategy, GRSL, said, "Receiving these awards is an acknowledgement of our efforts and contribution to the industry and serves as an incentive and a motivation towards that end."
The ratings are however constrained by the inherently low margins in this line of business as well as the volatility of the margins on account of pressure on realisations as was witnessed in FY10, moderate market position of the company in the relatively high margin retail segment, highly fragmented nature of industry which exposes GRSL to the competition from the unorganized players in the lower end of the products and large players, including multinationals in the branded segment.
Praveen Khandelwal, VP, Corporate Strategy, GRSL, said: "Despite continued inflation and increase in food prices, an improved performance augurs well for the Company's future prospects.