Uttam Sugar Mills‘ board approved the expansion plan at an estimated investment of Rs 100 crore.
As part of the expansion plan, the company’s board at its meeting on January 10 approved the proposal for increasing its distillery and cane-crushing capacities in Uttar Pradesh. The distillery capacity of ethanol will go up from 150 KLPD (kilo litre per day) to 250 KLPD at the Barkartpur plant.
The capacity addition is scheduled to be completed by December 2023. The company is investing Rs 56 crore in enhancing capacity by 100 KLPD.
The company will be raising funds for the expansion plan via internal accruals and loans under the interest subvention scheme of the department of food and public distribution, Government of India.
