Indian Sucrose Ltd updates on expansion project

The Board of Directors of Indian Sucrose Ltd at its meeting held on Monday, 28th February 2022, have considered and taken note of expansion of existing sugar mill plant by achieving 1st phase of target i.e. increasing capacity up to 9000 TCD from 5000 TCD which was approved by the Board in their earlier board meeting held on 20th September, 2021.

Further Chairman announced the approval for increase in capacity from 19.5 MW to 40 MW, Cogeneration of Power plant is under Technical Clearance for PSCPL and Molasses based distillery for production of Ethanol and Cogeneration of power plant is also in queue under Punjab Gov. NOC clearance.

Shares of INDIAN SUCROSE LTD. was last trading in BSE at Rs. 55.10 as compared to the previous close of Rs. 54.60. The total number of shares traded during the day was 11001 in over 93 trades.

The stock hit an intraday high of Rs. 56.05 and intraday low of 51.65. The net turnover during the day was Rs. 603975.00.

Source : Equity Bulls

Keywords

INDIANSUCROSE INE557C01017 Sugar ExpansionProject CrushingCapacity CogenerationPwoerPlant Distillery