EID Parry India will arrange a 120 KLPD grain/sugar syrup/molasses-based distillery at Sankili unit in Andhra Pradesh at an estimated funding of Rs 92.50 crore. The extra capability is anticipated to develop into operational by November 2022.
“The Board of Administrators at their assembly held at this time (September 7, 2021), have authorised the establishing of a 120 KLPD grain/sugar syrup/molasses primarily based distillery on the firm’s Sankili unit in Andhra Pradesh,” EID Parry India mentioned in a regulatory submitting to the inventory exchanges.
The distillery will manufacture ethanol by using sugarcane juice or syrup as its principal feedstock throughout the cane crushing season, and grains comparable to damaged rice, maize and bajra throughout the low season.
At 12:20 pm, EID Parry India shares had been buying and selling increased by 0.6 per cent at Rs 407 on the BSE. The benchmark indices had been buying and selling decrease by 0.1 per cent on the time.