News International Sugar Journal

India – Simbhaoli Sugars partners with E D & F Man to build a sugar refinery in Gujarat [Registered]

Simbhaoli Sugars Limited (SSL) is to build a green field sugar refinery at Kandla, Gujarat with a capacity of 1000 tonnes/day. E D & F Man Holdings (E D & F Man) are partnering with Simbhaoli on this project which is being implemented through their joint venture company, Uniworld Sugars (USL). This new raw processing facility is being set up in proximity to the Kandla port (approximately 21 km). The estimated cost of the project, Rs 2350 million (U$44.7 million), is being financed by way of long-term loans and promoters’ equity. The debt finance for the project has been secured…

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