Dhampur Sugar Mills stock jumps 3% after completing expansion of Distillery Capacity at Asmoli unit

14 Jan 2022 , 11:35 AM

Dhampur Sugar Mills has completed expansion of Distillery Capacity at Asmoli unit based in Uttar Pradesh from 150 KLPD to 250 KLPD. With this expansion, distillation capacity of the Company now stands at 500 KLPD.

The company’s expansion was done to augment ethanol production, Government of India has fixed better prices of ethanol produced from C & B Heavy Molasses, Syrup and Cane Juice. Also, producing ethanol from B Heavy Molasses /Syrup/ Cane Juice, not only assures a higher price of ethanol but also reduces sugar inventory through sugar sacrificed in B Heavy/Syrup/Cane Juice.

Further, the company is capable of producing required Feedstock’s like Molasses (B heavy and C heavy) / Syrup /Cane juice for the production of ethanol with expanded capacity.

For the expansion, the company made an investment of Rs130cr.

At around 11.33 am, Dhampur Sugar was trading at Rs362.60 per piece higher by 2.84% on Sensex. The stock has touched an intraday high of Rs373.45 per piece earlier today.