EID Parry, one of the largest sugar producers in the country and part of Murugappa group, is planning to expand its distillery capacity by spending Rs 268 crore in FY24, reports Financial Express.
The company is working on undertaking the Haliyal distillery expansion of 120 KLPD in Karnataka and the Nellikuppam expansion from 75 KLPD to 120 KLPD in Tamil Nadu. This will increase the overall distillery capacity to 582 KLPD per annum.
S Suresh, MD, EID Parry said, the company will spend Rs 268 crore for the expansion of both these plants in the financial year 2024.
“The board has approved further augmentation of ethanol capacity by expanding the existing 75 KLPD distillery unit to 120 KLPD distillery unit with an incineration boiler at our Nellikuppam facility with an outlay of Rs 87 crore for production of ethanol from syrup and B heavy molasses. The commercial production from the expanded capacity is expected to commence from April 2024,” MD was quoted as saying by Financial Express.
