EID Parry India will arrange a 120 KLPD grain/sugar syrup/molasses-based distillery at Sankili unit in Andhra Pradesh at an estimated funding of Rs 92.50 crore. The further capability is anticipated to turn out to be operational by November 2022.
“The Board of Directors at their meeting held today (September 7, 2021), have approved the setting up of a 120 KLPD grain/sugar syrup/molasses based distillery at the company’s Sankili unit in Andhra Pradesh,” EID Parry India mentioned in a regulatory submitting to the inventory exchanges.
The distillery will manufacture ethanol by using sugarcane juice or syrup as its principal feedstock through the cane crushing season, and grains comparable to damaged rice, maize and bajra through the low season.
At 12:20 pm, EID Parry India shares have been buying and selling larger by 0.6 per cent at Rs 407 on the BSE. The benchmark indices have been buying and selling decrease by 0.1 per cent at the time.