Business Update31 May 2024, 08:12 pm
Davangere Sugar Company Expands Ethanol Production, Commissions CO2 Plant, and Targets 15,000 Acres for Sugarcane Cultivation
AI Summary
Davangere Sugar Company Ltd (DSCL) has announced the expansion of its distillery by adding a 45 KLPD grain-based unit at a cost of Rs.54.00 crores. The company has completed financial tie-ups and civil works, and negotiations with machinery suppliers are ongoing. DSCL aims to achieve additional sugarcane growing area by 15,000 acres, promoting and developing sugarcane crops in existing and non-traditional cane cultivation areas. The company's sugar factory and administrative office are located in Kukkuwada, Davangere, Karnataka, India.
Key Highlights
- DSCL expands distillery capacity by 45 KLPD for Rs.54.00 crores
- Financial tie-ups and civil works completed, negotiations with machinery suppliers ongoing
- DSCL targets 15,000 acres for sugarcane cultivation in existing and non-traditional areas
- Expansion aims to support local farmers and promote sustainable farming practices
- DSCL's sugar factory and administrative office located in Kukkuwada, Davangere, Karnataka, India