Business Update6 Apr 2024, 10:29 pm
Indian Sucrose Ltd. Secures Rs. 135.86 Crore Term Loan from IREDA for Ethanol Project
AI Summary
The Board of Directors of Indian Sucrose Ltd. recently acknowledged the receipt of a letter from IREDA (Indian Renewable Energy Development Agency Limited) confirming the sanction of a term loan of approximately Rs. 135.86 crores for setting up a 120 KLPD syrup and molasses based ethanol plant in Punjab.
Key Highlights
- Indian Sucrose Ltd. receives term loan sanction letter from IREDA
- Loan amount is approximately Rs. 135.86 crores
- Funds will be used for setting up a 120 KLPD syrup and molasses based ethanol plant
- Location: Village Chak Allabaksh, Tehsil Mukerian, District Hoshiarpur, Punjab