Jagatjit Industries Ltd to set up 200 KLPD grain based Ethanol Plant at Hamira

The Board of Directors of Jagatjit Industries Limited at their meeting held today, have, approved the proposal for setting up 200 KLPD Grain based Ethanol Distillery Plant at Hamira, Distt. Kapurthala, Punjab - 144802.

The capacity will be added within 12 months from the date of in-principle approval from the concerned Ministry and sanction of loan.

The project will be financed through Rs. 185 Crores from Banks - Project Loans and Rs. 15 Crores from internal sources.

Enthused by the Hon'ble Prime Minister's program of achieving higher ethanol blending coupled with recently announced higher Ethanol prices, the Company has decided to set up its 200 KLPD Grain based Distillery Plant at its Hamira Unit in the State of Punjab.

Shares of JAGATJIT INDUSTRIES LTD. was last trading in BSE at Rs. 58.70 as compared to the previous close of Rs. 55.95. The total number of shares traded during the day was 5071 in over 42 trades.

The stock hit an intraday high of Rs. 58.70 and intraday low of 57.90. The net turnover during the day was Rs. 296539.00.

Source : Equity Bulls

Keywords

JAGATJITINDUSTRIES INE574A01016 200KLPD Grainbased EthanolDistilleryPlant Hamira Kapurthala