Saturday, December 7, 2024
HomeDistillery ProjectsMagadh Sugar & Energy Limited approves 100 KLPD greenfield multi-feed distillery at...

Magadh Sugar & Energy Limited approves 100 KLPD greenfield multi-feed distillery at Hasanpur sugar unit

The Board of Directors of Magadh Sugar & Energy Limited, at its meeting held today, November 11, 2024, has, inter alia, considered and approved setting up of a 100 KLPD greenfield multi-feed distillery with steam saving at Hasanpur Sugar Unit, at an estimated cost of Rs 206.87 crores. The project will be funded through a mix of debt and internal accruals.

The company has informed exchanges, period within which the proposed capacity is to be added is by March 2027.

This project is being announced in line with the Central Government’s strong focus on the Ethanol Blending Program (EBP) and the availability of feedstock near the Hasanpur Unit.

Magadh Sugar & Energy Limited is a key part of the prestigious K.K. Birla Group of Sugar Companies, leveraging decades of expertise in the sugar industry. The company operates three advanced sugar complexes in Bihar: Narkatiaganj, Sidhwalia, and Hasanpur. The company’s core business includes Sugar, ethanol and co-Generation.

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
RELATED ARTICLES
- Advertisment -spot_img

Most Popular

WP2Social Auto Publish Powered By : XYZScripts.com