KM Sugar Mills approves modernization at Ayodhya plant; Stock gains ~2%

22 Mar 2022 , 09:35 AM

KM Sugar Mills Limited has approved modernization, including updating the double sulphitation refining process, at its Ayodhya plant.

“The company in its board meeting on March 21, 2022, approved modernization of the sugar plant and changing its double sulphitation sugar process into Refinery in its plant at Ayodhya, Uttar Pradesh.

This will also bring the steam consumption on cane with Refinery and help in net bagasse caving,” company said in a filing on Monday.

The related capacity of the sugar refinery will be 1200 tons per day of raw sugar refining with below 45 ICUMSA sugar.

At around 9.38 am, KM Sugar Mills Ltd was trading at Rs33.30 per piece up by Rs0.55 or 1.68% from its previous closing of Rs32.75 per piece on the BSE.