Dollex Industries to invest Rs 200 million in Second Ethanol Unit

Dollex Industries Ltd has announced that as part of its three year expansion plan, the Company will invest Rs 200 million in setting up of its second Ethanol Unit at Nanded. This unit will have a capacity of 45,000 to 50,000 litres per day and will be commissioned by next sugar season i.e. 2007-2008.

The entire raw material for this new Ethanol Unit will be supplied by Godavari Manar Sugar Mills also located at Nanded, which the Company recently acquired.

With this expansion the Company estimates it will have a huge pricing edge over its competitors as well as triple its production of Ethanol by 2008 which is in-line with the Company's ambitious 3 year plan of becoming an integrated Sugar, Alcohol & Ethanol manufacturer.

Source : Equity Bulls

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