DCM Shriram chalks out Rs 6.6 billion expansion plan

DCM Shriram chairman Ajay Shriram has said the diversified group has contracted around 40,000 tonnes of sugar exports so far and will undertake shipments of entire 92,000 tonnes quota assigned to it by April-May next year.

Shriram lauded the union government’s various measures, especially on ethanol side, in the last one year to deal with the problems faced by the millers on account of surplus production and low sales realisation.

Urging that the minimum selling price of sugar needs to be enhanced from the current Rs 29 per kg, he said this would cut losses incurred by the millers with ex-mill rate being lower than the production cost.

The company has chalked out a Rs 6.6 billion expansion plan, which includes addition of cane crushing capacity by 5,000 tonnes per day, setting up a 200 kilo litres per day capacity distillery and addition of co-generation power capacity by 30 MW.

Image Credit : images.financialexpress.com

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