Dalmia Bharat Sugar and Industries Ltd to set up two grain based distilleries

The Board of Directors of Dalmia Bharat Sugar and Industries Ltd has, at its meeting held yesterday, i.e., Friday, July 30, 2021, considered and given in-principal approval to set up two grain based distilleries with a capacity of 100 KL each to produce around 6 Cr litres of ethanol, which is expected to be commissioned in next 15-18 months.

Existing installed capacity is around 10 Cr litres, which is expected to get increased to 15 Cr litres post implementation of distillery expansion plan already approved in the earlier board meetings. Now with this 200 KL grain-based distilleries, expanded capacity will be around 21 Cr litres.

The capital expenditure for the abovementioned expansion is estimated to be Rs. 263 Crore which will be financed partly by way of internal accruals and partly through debt.

Shares of Dalmia Bharat Sugar and Industries Ltd was last trading in BSE at Rs. 480.5 as compared to the previous close of Rs. 486.45. The total number of shares traded during the day was 42220 in over 3280 trades.

The stock hit an intraday high of Rs. 494.5 and intraday low of 475. The net turnover during the day was Rs. 20484610.

Source : Equity Bulls

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