Stock Report

Dalmia Bharat Sugar and Industries Ltd to develop integrated sugar project in Tanzania

Posted On : 2026-07-14 20:59:17( TIMEZONE : IST )

Dalmia Bharat Sugar and Industries Limited ("Company"), at its Board Meeting held today, i.e., Tuesday, July 14, 2026, has approved the development of an integrated sugar project in Tanzania ("Project") through Eagle Agrotech Tanzania Limited ("EATL"), a wholly owned subsidiary of Eagle Agrotech Holdings Limited ("EAHL").

EAHL is a 51% subsidiary of the Company and Symphony Global LLC (an investment holding company of H.E. Mr. Mohamed Ali Rashed Alabbar, the founder and Chairman of Emaar Properties, a publicly listed entity in UAE) holds remaining 49% equity stake in EAHL.

The Project comprises the development of sugarcane plantation and the establishment of a sugar manufacturing unit along with a cogeneration facility, with an estimated project cost of US$132 million.

The Project represents a significant milestone in the Company's international growth strategy, advancing its geographical diversification objectives and serving as a strategic platform for entering global bio-energy markets.

The investment is underpinned by favourable long-term market fundamentals. Tanzania and the broader East African region continue to experience a structural deficit in sugar production, with domestic demand consistently exceeding local production. This presents a significant opportunity for import substitution while also providing access to neighbouring regional markets.

The Project envisages the development of an integrated sugar estate over 10,000 hectares, with the potential to expand to 20,000 hectares. The development of captive sugarcane plantations is expected to ensure a reliable and sustainable supply of feedstock, thereby strengthening long-term operational resilience.

The initial phase of the project includes a sugar manufacturing capacity of approximately 70,000 MT per annum, expandable to 150,000 MT per annum, together with a 20 MW cogeneration facility, scalable to 40 MW. Over the medium to long term, the Company intends to progressively transform the integrated complex into a diversified bio-energy platform by maximizing the utilization of all by-products through commercially viable and environmentally sustainable value-added initiatives.

Shares of Dalmia Bharat Sugar and Industries Limited was last trading in BSE at Rs. 365.05 as compared to the previous close of Rs. 365.00. The total number of shares traded during the day was 7106 in over 190 trades.

The stock hit an intraday high of Rs. 373.00 and intraday low of 358.35. The net turnover during the day was Rs. 2597541.00.