Dwarikesh Sugar on expansion spree

BIJNOR: Dwarikesh Sugar Industries Limited on Wednesday said it was planning to set up a distillery unit at Bareilly in Uttar Pradesh at an investment of Rs 35 crores, besides looking at acquisition of a sugar plant in Uttar Pradesh or Maharashtra. "We are looking to set up a distillery unit having a capacity of 60 kilolitres per day at Dwarikesh Dham in Bareilly," the company's Chairman and Managing Director Gautam R Morarka told reporters here.

The company would take the final call on setting up the distillery unit by May 2007. However, Mr. Morarka said, the decision about the distillery plant largely depends on how the Government takes forward its ethanol blending programme.

The company hopes to supply over 2 million litres of ethanol by March next year at a cost of Rs. 21.50 per litre from its existing plant. Dwarikesh Sugar is presently undertaking a Rs. 375-crore expansion plan, which includes setting up its third green field sugar unit.

-The Hindu
December 21, 2006