Business Update30 Mar 2024, 05:43 pm
GLOBUS SPIRITS LTD.: Commercial Production Commenced at Enhanced Capacities in Jharkhand and West Bengal Units
AI Summary
GLOBUS SPIRITS LTD. has announced the commencement of commercial production at enhanced capacities in its units located in Jharkhand and West Bengal. The expansion increases the capacity from 140KLPD and 240KLPD to 200KLPD and 300KLPD, respectively. The total investment for this project amounted to Rs.142crs, mostly funded through internal accruals and a term loan of Rs.14crs.
Key Highlights
- GLOBUS SPIRITS LTD. commenced commercial production at enhanced capacity in Jharkhand and West Bengal units.
- The capacity increased from 140KLPD and 240KLPD to 200KLPD and 300KLPD, respectively.
- The total investment for the expansion was Rs.142crs.
- Funding was mainly through internal accruals and a term loan of Rs.14crs.
- The expansion will enable production of various products including ENA and Ethanol.