Dwarikesh Sugar Industries commissions 175 KLPD distillery in Bareilly; Stock trades lower

27 Jun 2022 , 02:11 PM

Dwarikesh Sugar Industries Limited has announced the commissioning of its 175 KL per day distillery at its Dwarikesh-Dham (Faridpur) unit in Bareilly district.

According to the regulatory filing, the plant was commissioned on June 24, 2022 and will use cane juice syrup and ‘B’ heavy molasses as feedstock for producing ethanol. The commissioning is within the scheduled time and is in line with the lofty traditions of ‘on-time’ commissioning of all its plants.

The setting up of the distillery is an important milestone in the annals of Dwarikesh Sugar as the company’s distillery capacity now stands enhanced at 337.5 KL per day. It will result in recalibration of its revenue stream. While ethanol production will be doubled, sugar production will be moderated.

The distillery is based on cutting edge technology which will result in Zero liquid discharge. The plant will be fully compliant of rigorous pollution emission norms, thus strengthening the company’s ecological relevance. Following commissioning of this distillery, the company has taken a decisive step towards environment protection and the National goal of 20% ethanol mixing by 2025.

“The company wishes to thank the Government of India and Government of Uttar Pradesh, who accelerated permissions and licenses that translated into timely distillery commissioning. It is also thankful to all other stakeholders for lending admirable support in all its endeavours”, said Dwarikesh Sugar Industries.

At around 2:12 PM, Dwarikesh Sugar Industries was trading at Rs104.35 per share down by Rs0.35 or 0.33% from its previous closing of Rs104.70 per share on the BSE.