Triveni Engineering & Industries Limited to increase distillation capacity of existing and upcoming distilleries

The Board of directors of Triveni Engineering & Industries Limited has approved expansion of distillation capacity of the existing and upcoming distilleries located at Muzaffarnagar (U .P), Milak Narayanpur sugar unit at Distt Rampur U.P. and Sabitgarh Distt Bulandshahar ( U.P), subject to receipt of necessary statutory clearances, raising total distillation capacity from 520 to 660 KLPD at an aggregate cost of Rs. 100 crore (approx.) through low capital cost incidental expansion / debottlenecking through internal accruals. Such expansion will be completed before the commencement of the Sugar season 2022-23.

Shares of TRIVENI ENGINEERING & INDUSTRIES LTD. was last trading in BSE at Rs.203.2 as compared to the previous close of Rs. 202.45. The total number of shares traded during the day was 185299 in over 2794 trades.

The stock hit an intraday high of Rs. 209 and intraday low of 198.5. The net turnover during the day was Rs. 37971926.

Source : Equity Bulls

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