Uttam Distilleries Ltd to expand distillery capacity to 160 KLPD

The Board of Directors of Uttam Distilleries Limited (UDL), Subsidiary of Uttam Sugar Mills Ltd, has approved the Increase/expansion in the "Distillery Capacity" from 40KLPD to 160 KLPD at an outlay of Rs. 110 Crore.

The project cost will be financed partly through own sources/ Promoters contribution and Loans/Borrowings.

The Government OF Inida (G0I) is encouraging mixing of ethanol with fuel as the same is ecofriendly & saves foreign exchange for the Country. Keeping in view the Government's policy and increased demand of Ethanol at National level, UDL has decided to increase/enhance the Distillery capacity (Ethanol) from 40 KLPD TO 160 KLPD.

Shares of Uttam Sugar Mills Limited was last trading in BSE at Rs. 245.60 as compared to the previous close of Rs. 248.30. The total number of shares traded during the day was 5166 in over 155 trades.

The stock hit an intraday high of Rs. 250.00 and intraday low of 244.05. The net turnover during the day was Rs. 1269715.00.

Source : Equity Bulls

Keywords

UttamSugarMills INE786F01031 Distillery CapacityExpansion 160KLPD