Dollex Industries to Double Ethanol Production & Capacities

Dollex Industries Ltd has announced that the Company has embarked on an aggressive strategy for boosting production of ethanol through captive usage of molasses which will be produced at the Company´s newly acquired Godavari Manar Sugar Mills at Nanded, Maharashtra.

Earlier the Company procured its raw material, i.e., molasses and rectified sprit from external sugar manufacturers in order to produce ethanol and other by products. However, with the acquisition of Godavari Manar, the Company will have a pricing edge over its competitors as well as double its ethanol capacity.

Source : Equity Bulls

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