Sanstar Ltd Set to Become India's #2 in Maize-Based Specialty Products Post Dhule Expansion
Sanstar Ltd, a leading player in maize-based specialty products and ingredient solutions, announced its unaudited standalone financial results for the third quarter and nine months ended on 31st December, 2025. The company, which currently has a combined capacity of 1,100 TPD across its facilities in Dhule, Maharashtra and Kutch, Gujarat, is set to expand its Dhule facility to 1,750 TPD, taking its total capacity to 2,100 TPD. This expansion will make Sanstar Ltd the second largest exporter of products in its category, with exports contributing 35%+ of its revenues. The company's product portfolio includes native starch, modified starches, and derivatives, which serve end industries such as food, beverage, pharma, paper, textile, adhesives, and industrials. The wet milling process by-products portfolio serves animal nutrition and food industries.
Key Highlights
- Set to become India’s #2 in maize-based specialty products and ingredient solutions post Dhule expansion
- India’s 2nd largest product exporter, with exports contributing 35%+ of revenues
- Leadership in native starch, modified starch and derivatives for food, animal nutrition and other industries
- Expansion from 1,100 to 2,100 TPD / 693,000 TPA in two phases
- Short term Native Starch pricing pressure due to Chinese exports into South East Asia