Dwarikesh Sugar announced the commissioning of the 175-kilo litre per day (KLPD) distillery at its Faridpur unit in Bareilly district in Uttar Pradesh on June 24.
The stock of the company jumped 9.35% to Rs 104.70 after the company’s announcement.
The plant will use sugarcane juice and ‘B’ heavy molasses as feedstock to produce ethanol. With this, the capacity of the company has been increased to 337.5-kilo litres per day. The company stated that the sugar production will be moderated and the ethanol production will be doubled.
The plant is following all the rules and guidelines related to pollution emission as the distillery is based on the technology that will result in zero liquid discharge.
The company is engaged in the manufacture and sale of sugar, cogeneration of power, and industrial alcohol.