Dollex Industries Ltd updates on Godavari Manar SSK acquisition

Dollex Industries Ltd has announced that the Companys recently acquired Godavari Manar SSK's total crushing has crossed 90,000 Mts till date.

Despite the unit being non-operational for 3-4 years, the Company's team, after taking over the unit in September last year invested close to Rs 3 crores in overhauling the unit and preparing it for the ensuing sugar season. The Company managed to start and stabilize operations at Nanded in a record 3 months.

Commercial production began at Nanded in December 2006 and as of January 2007 has reached full crushing capacity. Molasses produced at Nanded will be transported to the Company's Karnataka distillery for the production of Ethanol, creating further value addition.

Source : Equity Bulls

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