Davangere Sugar Company Limited’s (DSCL) Board of Directors provided an update on the progress of its ethanol production plant and other developments related to sugarcane cultivation.
In a regulatory filing, DSCL informed, “Company announces the expansion of its distillery and operations, by adding another 45 KLPD grain-based unit at a project cost of Rs. 54.00 crores. The financial tie-up with banks is completed and about Rs. 2.00 crores is invested in civil works. Negotiations completed with machinery suppliers. It is marking a significant milestone for the company and the local agricultural community. Its intention to expand the distillery will allow the company to now operate independently for 330 days of the year, ensuring a steady and robust production cycle. This growth is made possible by the increased procurement of maize, rice, and other feed stocks directly from local farmers. By sourcing these essential ingredients from nearby agricultural farmers, DSCL strengthens its commitment to supporting the local economy and promoting sustainable farming practices.”
“We are thrilled to deepen and further strengthen our collaboration with local farmers,” said Mr. Ganesh, MD of DSCL. “Their quality crops are the cornerstone to produce ethanol, and this expansion allows us to create more jobs, boost local income, and maintain our high standards year-round.” The expansion not only enhances the distillery’s production capabilities but also offers farmers a reliable market for their produce. This mutually beneficial relationship promises to enhance the region’s agricultural landscape, providing stability and growth opportunities for all involved.
Target of achieving an additional sugarcane growing area by 15,000 acres:
DSCL is committed to not just cultivating sugarcane but to revolutionizing its growth and practices. One of key initiatives involves promoting and developing sugarcane crops up to 15,000 acres in existing cane cultivation areas and regions traditionally not associated with cane cultivation. By expanding into these non-cane growing areas and ensuring sufficient raw material for the company, DSCL not only secure a sustainable raw material supply for company but also usher in a wave of socio-economic benefits for local farmers. Primary aim is to provide farmers in these regions with assured and timely returns on their produce. DSCL said that we understand the challenges farmers face and strive to alleviate them through various means, including financial assistance and loans. These resources are designed to empower farmers, enabling them to invest in modern agricultural practices, procure quality seeds, and access essential equipment.
“At DSCL, we recognize that the success of our business is intricately linked with the prosperity of the farming community. Therefore, we are dedicated to fostering strong, mutually beneficial relationships with farmers. Through collaborative efforts, we aim to enhance productivity, optimize resource utilization, and ensure sustainable agricultural practices. Furthermore, our commitment extends beyond mere cultivation. We are actively involved in research and development initiatives aimed at enhancing sugarcane varieties, improving yield, and mitigating environmental impact. By leveraging cutting-edge technology and scientific expertise, we seek to create a thriving ecosystem where sugarcane cultivation flourishes while respecting ecological balance. In essence, our vision for sugarcane cultivation goes beyond profitability; it’s about fostering inclusive growth, empowering communities, and pioneering sustainable agricultural practices. With DSCL leading the way, sugarcane cultivation in non-traditional areas will not only become a viable option but also a catalyst for rural development and economic transformation,” the company further added.
