Dollex Industries emerges as highest bidder for Kalamber SSK

Dollex Industries Ltd has announced that the Company, in view of establishing an integrated, Sugar Complex consisting of Power, Ethanol and Sugar, has bid to purchase a Co-Operative Sugar facility in Nanded, Maharashtra.

The Company has emerged as the highest bidder in the tender floated by Commissioner of Sugar - Maharashtra for Kalamber Vibhag SSK Ltd situated close to its current sugar manufacturing facility in Nanded.

The decision on the sale of Kalamber Vibhag SSK Ltd will be made by GoM (Group of Ministers) in this week and the Company is hopeful to acquire this Co-Operative unit as it is a top contender in the tender process.

If acquired, the Company plans to expand the Sugar crushing capacity of the unit to 10000 TCD and further add 100000 KLPD of Ethanol capacity and 80 MW of Co-Generation power.

Source : Equity Bulls

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