The proposed capacity in Uttar Pradesh is to be added in 15 to 16 months with an investment of Rs232cr.
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Dwarikesh Sugar Industries Limited has embarked upon a project to set up a 175 KLPD distillery at its Dwarikesh Dham (Faridpur) unit in Bareilly, Uttar Pradesh with an investment of Rs232cr.
The existing capacity of the unit is 162.5 KLPD with a utilization of approximately 90%. The proposed capacity is to be added in 15 to 16 months.
“This project announced is in line with the Indian government’s commitment to broaden the ethanol manufacturing base in India from agricultural resources. The proposed distillery will utilize sugarcane juice / syrup as its principal feedstock during the cane crushing season and turn to B Heavy molasses route (or grain) during the off season for continuous manufacture of ethanol,” the company explained rationale behind the capacity addition in a filing on Thursday.
During early trade on Friday, Dwarikesh Sugar Industries Ltd was trading at Rs77.80 up Rs3.35 per piece or 4.50% from its previous closing of Rs74.45 per piece on the BSE.
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The above news was originally posted on www.indiainfoline.com
