Uttam Sugar Mills Ltd to increase distillery, cane crushing capacity

The Board of Directors of Uttam Sugar Mills Ltd at its meeting held today (i.e. 10.10.2023) has approved the Increase / Enhancement in the "Distillery Capacity (Ethanol)" from 150 KLPD to 250 KLPD at Barkartpur plant of the Company.

The Project cost of Rs. 56 crore will be financed through internal accruals and loans under the interest subvention scheme of Department of Food and Public Distribution, GOI.

The Central Government is encouraging mixing of ethanol with fuel as the same is eco-friendly & saves foreign exchange for the Country. Keeping in view the Government's policy and increased demand of Ethanol at National level, the Company has decided to increase / enhance the Distillery capacity (Ethanol) at Barkatpur Plant of the Company.

The board also approved the increase / enhancement in the "Cane Crushing Capacity" from 23750 TCD to 26200 TCD of the Company and improvement in energy efficiency.

The project cost of Rs. 40 crores will be financed through internal accruals / loans.

Keeping in view the increased yield and sugar content in the cane as a result of intensive "Cane Development Programme" undertaken by the Company, the Company has decided to install the balancing equipments to take care of additional cane availability and higher sucrose content in cane.

It shall result in improvement in operating performance and energy efficiency of the plants as well as resultant capacity enhancement.

Shares of Uttam Sugar Mills Limited was last trading in BSE at Rs. 303.85 as compared to the previous close of Rs. 304.90. The total number of shares traded during the day was 34446 in over 1077 trades.

The stock hit an intraday high of Rs. 317.05 and intraday low of 299.45. The net turnover during the day was Rs. 10693278.00.

Source : Equity Bulls

Keywords

UttamSugarMills INE786F01031 CapacityExpansion Distillery SugarCrushing