Expansion30 Mar 2026, 06:47 pm
Davangere Sugar Company Ltd. to Expand Distillery Production Capacity by 85 KLDP
AI Summary
Davangere Sugar Company Ltd. has announced its decision to expand the distillery production capacity, as approved by its Board of Directors in a meeting held on March 30, 2026. The expansion will add 85 KLDP to the existing capacity of 65 KLDP, with a proposed investment of Rs. 127.50 Crores. The company plans to finance this expansion through FCCB Funding. The rationale behind this move is to capitalize on the rising ethanol demand and supportive government policies.
Key Highlights
- Davangere Sugar Company Ltd. to expand distillery production capacity by 85 KLDP
- Existing capacity is 65 KLDP with a utilization of 96%
- Proposed capacity addition of 85 KLDP within 18 months
- Investment required for the expansion is Rs. 127.50 Crores
- Expansion to be financed through FCCB Funding