Ruchi Soya Ltd plans to scale up its soybean crushing business and improve its capacity utilisation after the government hiked export incentive on soymeal. India’s soymeal exports in 2017-18 (Oct-Sep) would rise to around 2 mln tn from the previous estimate of 1.5 mln tn due to the export incentives. The company’s crushing operations at key plants in Manglia near Indore in Madhya Pradesh, Nagpur and Washim in Maharashtra, and Kota in Rajasthan, have risen by 30-40% as compared to the first half of the current year. The total capacity of 10 units of the company is 3.72 mln tn. In the last two years, only 15% of the capacity was utilised. With an increase in crushing operations, the capacity utilisation is also expected to rise 30-35% in the current year. Shares of the company were down 2.2% at 19.80 rupees on the National Stock Exchange.