New Delhi: Triveni Engineering & Industries Ltd will set up two new distilleries in Uttar Pradesh to meet the rising demand for ethanol used for blending with petrol, reports PTI
The sugar firm is planning to invest Rs 460 crore to set up these distilleries.
The company issued a statement informing that the board of directors have approved the expansion programme to set up two new dual feedstock (sugarcane derived and grain) distilleries at Rani Nangal and Sabitgarh in Uttar Pradesh. The capacity of the distilleries will be 450-kilo litres per day.
With this, the total distillation capacity of the company will be 1,110-kilo litres per day.
The distillers will be ready for operations in the third quarter of FY 24 and the company will be spending Rs 460 crore to set up these distilleries.