Dwarikesh Sugar Industries Limited has announced the commissioning of its 175 KL per day distillery at its Dwarikesh-Dham (Faridpur) unit in Bareilly district.
The plant was commissioned today 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.
Shares of Dwarikesh Sugar Industries Limited was last trading in BSE at Rs. 104.70 as compared to the previous close of Rs. 95.75. The total number of shares traded during the day was 240605 in over 3579 trades.
The stock hit an intraday high of Rs. 106.30 and intraday low of 96.70. The net turnover during the day was Rs. 24565065.00.