Dwarikesh Sugar Industries Ltd has decided to expand its distillery capacity at its Dwarikesh Nagar Plant, Bijnor to 100 Kilo Litres Per Day (KLPD).
The capacity addition of 70 KLPD is proposed at an investment not exceeding Rs 145 crore. This is being done since the current capacity of 30 KLPD is fully utilized.
The project will be financed with mix of Term Loan from Bank (With interest subvention in accordance with the scheme on a part of the project cost as notified by the Food Ministry, Government of India) and internal accruals of the Company.
It is to be noted that the union government is encouraging mixing of ethanol with fuel as the same is eco-friendly & saves precious foreign exchange for the Country. The Centre has targeted ethanol blending of 10 per cent which is proposed to be increased progressively.
Image Credit : www.dwarikesh.com