Expansion5 Jun 2025, 01:18 pm
Indian Sucrose Ltd Expands Business Scope into Petroleum Segment with INR 2 Crore Investment
AI Summary
Indian Sucrose Ltd (ISL) has announced the expansion of its business scope by entering the 'Petroleum Segment.' The company has commenced commercial production at its unit situated on G.T. Road Mukerian, Distt. Hoshiarpur. This move aims to sell petrol and diesel, generate steady income, reduce internal consumption of diesel, and create new job opportunities in the vicinity. The estimated investment for this venture is INR 2 Crore.
Key Highlights
- ISL enters the Petroleum industry to sell petrol and diesel
- Additional revenue expected from BPCL fuel vending unit
- New job opportunities to be created in the nearby vicinity
- Reduction in internal consumption of diesel for transportation and DG sets
- INR 2 Crore investment for the new petroleum segment