DCM Shriram okays investment of Rs 300 cr

The board of directors of DCM Shriram Ltd has given nod to an investment of Rs 300 crore to set up 200 KLD distillery at Ajbapur.

The investment is to be financed through internal generations and debts. Earlier, the board approved expansion of 100 KLD at Hariawan. The idea has however been dropped now and the focus has shifted to Ajbapur.

At present, the Company has 150 KLD distillery at Hariawan. The total capacity of the Company’s distilleries shall increase from 150 KLD to 350 KLD.
The project is planned to be commissioned by October 2019. The project will utilize expected higher molasses availability for production of Ethanol or related products.

Image Credit : bsmedia.business-standard.com

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