News International Sugar Journal

India – Dalmia Bharat Sugar to invest U$38.6 million to expand capacity of its Kolhapur unit [Registered]

Dalmia Bharat Sugar Industries Ltd is to invest Rs210 crore (U$38.6 million) to double the crushing capacity of its plant in Kolhapur to 5,000 tonnes crushed per day (tcd) by end-December reported The Hundu Business Online. Speaking to reporters, B.B. Mehta, Director and CEO, Dalmia Bharat Sugar said that the company is also setting up a 23-MW bagasse and coal-based co-generation plant as part of the expansion plans. The investment is funded through a term loan from banks and the rest from internal accruals, Mehta said. Dalmia had acquired the stressed assets of a sugar co-operative in Kolhapur in an…

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