The expansion is in-line with the earlier commitment of commissioning the distillery capacity in phases over 18 months to provide stability to the sugar business. The company has invested Rs300 crore in the expansion thereby integrating power & capacity.
Ajay S Shriram, Chairman & Sr Managing Director & Vikram S Shriram, Vice Chairman & Managing Director, DCM Shriram Ltd. said, “The expansion and up-gradation is part of our vision to make the sugar business more robust and thereby providing full integration on molasses. We expect that this expansion will further strengthen the return profile of the sugar business.”
DCM has sugar production units in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh with a combined installed cane crushing capacity of 38,000 tonnes per day (TPD) and a power generating capacity of 149 MW.