Triveni Engineering & Industries Ltd updates on expansion of distillery

The board of directors of Triveni Engineering & Industries Ltd noted that the expansion of existing distillery at Sabitgarh, District Bulandshahr, Uttar Pradesh has completed and the same is now operating at 200 KLPD. With this, the total distillation capacity of the Company has been increased to 520 KLPD. Further expansion of distillation capacity from 520 to 660 KLPD is well on track and is expected to be completed by July'2022.

The board approved the modernization of three of the existing sugar units at Khatauli, Deoband and Sabitgarh, all in the State of Uttar Pradesh at a total cost of about Rs.130 crore, which shall be completed by October'2022 and approved the expansion of power transmission business at a total cost of about Rs.80 crore, which shall be completed by March'2023.

Shares of Triveni Engineering & Industries Limited was last trading in BSE at Rs. 265.35 as compared to the previous close of Rs. 257.55. The total number of shares traded during the day was 256790 in over 12068 trades.

The stock hit an intraday high of Rs. 274.70 and intraday low of 257.55. The net turnover during the day was Rs. 68768744.00.

Source : Equity Bulls

Keywords

TriveniEngineeringandIndustries INE256C01024 ExpansionProject Distillery