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HomeSugar Industry NewsDCM Shriram to invest Rs 358 crore in sugar business

DCM Shriram to invest Rs 358 crore in sugar business

New Delhi, Nov 8 (UNI) Diversified business group DCM Shriram would invest Rs 358 crore to ramp up capacity across various plants under sugar vertical.

“These investments are aimed at capitalizing on the increase in sugarcane availability in its catchment area, enhancing capacity for production of refined sugar due to consumer preference and building flexibility of feedstock for its distilleries,” the company said a statement.

The additional capacity would be commissioned by October, 2022. As per the plan, the company would invest Rs 258 crore to increase Ajbapur sugar crushing capacity by net 3,000 TCD to 13,500 TCD along with conversion to refined sugar for the
entire plant. The other investment of Rs 50 crore is proposed for conversion of existing 8000 TCD Hariawan sugar facility to refined sugar.

As per the company statement, grain attachment in distillery size would be increased to 260 KLD for the upcoming 120 KLD distillery at Ajbapur at an investment of Rs 50 crore.

The above news was originally posted on www.uniindia.com

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.
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