Globus Spirits informed exchanges that on 28th March 2024, the company commenced commercial production of additional capacity at two of its existing units located in District East Singhbhum, Jharkhand, and at Panagarh, Burdwan district, West Bengal.
With this expansion, the capacity of the units is increased from 140 KLPD to 200 KLPD at Jharkand and from 240 KLPD to 300 KLPD at West Bengal. The additional capacity will be used for various products including ENA and Ethanol. The expansion has been completed with a total investment of Rs. 142 crores financed largely through internal accruals and a term loan drawdown of Rs.14 crores.
